$NEIRO Five-minute level K-line three consecutive declines breaking through the middle Bollinger Band at 0.0004467, with the price closely adhering to the lower Bollinger Band at around 0.0004350, showing weak fluctuations. The MACD is underwater with a death cross continuing to expand, and the green momentum bars show no signs of weakening. The EMA7 and EMA30 moving averages are diving downward at a 45-degree angle, forming a typical bearish arrangement structure. Trading volume has increased to 4.682 billion, but the detailed time-sharing transaction shows that large orders account for over 70%, while the bullish rebound volume is insufficient, only 15% of the total trading volume. The current support level at 0.0004296 faces severe testing, as this position gathers contracts of long positions worth 38 million USD, and if broken with volume, it will trigger a chain reaction of forced liquidation.
The upper Bollinger Band at 0.0004584 has formed a high-pressure blockade line, with the order book in the range of 0.0004350-0.0004400 having a thickness of less than 230,000 USD, and the main force only needs 8 million USDT to break through the position.
Although there have been no sudden negative news, the hawkish remarks by Federal Reserve Governor Waller emphasizing that "interest rate cuts require inflation data support" have caused BTC to rise while altcoins continue to lose liquidity.
To trade for a short-term rebound, two major signals must be awaited:
First, a bullish engulfing structure with trading volume exceeding 6.5 billion at the hourly level.
Second, the MACD forming a bottom divergence golden cross below the zero axis.
Do not blindly buy the dip at the current price level; high-leverage contracts are akin to taking nuts from the fire.
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