Big G talks BTC: Keep a close eye on key positions; trend change signals are coming!
Brothers, today's Bitcoin movement is a bit tedious, with the current price hovering around $105,000. The middle Bollinger Band supports $105,000, and both bulls and bears are subtly competing. To summarize a few points on the market outlook and give everyone a reminder:
There is strong pressure above, don't get too excited when prices surge.
This morning, BTC peaked at $107,140, breaking through the upper Bollinger Band (106,500), but it couldn't hold and fell back down. What does this indicate? — Those who chased the highs got trapped! In the short term, unless there’s a major positive stimulus, it’s likely to continue oscillating between $105,000 and $106,500.
Indicators hide risks, beware of trend changes.
The upward momentum of the MACD (red bars) is weakening, and the DIF line is being pressed down by the DEA line, resembling an old car that can't accelerate. If the DIF line is completely pushed down in the next couple of days, watch out for a sudden BTC crash, with the first target around the lower Bollinger Band at $103,500.
In terms of operation: Don't bet on direction, wait for clear signals.
Aggressive approach: If it stabilizes at $105,000, you can cautiously try a long position with a small amount, reduce your position when it rebounds to around $106,500; if it drops below $105,000, run immediately, don’t hesitate.
Conservative approach: This position could go either way; it’s better to lie back and watch, waiting for the price to break above $107,000 or drop below $103,500 before taking action.
A heartfelt reminder: Recently, liquidation data has soared, with many people using leverage to 'bet on a breakout.' Market makers love to exploit such naive traders! Remember: the more unclear the market is, the more you should control your actions. Don't let community 'high-risk calls' sway you; your money is yours, being cautious is not shameful!
Big G’s advice: On the eve of a trend change, operate less and observe more. Preserving your capital is key to laughing last! Opportunities are fleeting, a pullback is imminent, stock up on spot trading, and altcoins with huge profits are waiting for you! Doubling is not a dream; click my avatar to follow for more insights and join the bull market feast!
