The current 15-minute K-line reveals several key signals, pay attention, folks!
1️⃣ Bears are pushing down
The price is being pressed down hard by two moving averages, like two knives stabbing downwards. The price is now stuck between these two moving averages, unable to go up or down, but the overall trend resembles going down stairs, each step lower than the last.
2️⃣ Trading volume is flat
Although the price is falling, the trading volume is lower than the 5-day and 10-day averages. This indicates that there is currently neither panic selling in the market nor anyone daring to make large-scale bottom-fishing moves; everyone is waiting for direction. This kind of shrinking volume with a downtrend is the most frustrating, easily leading to a sudden change in trend.
3️⃣ The death line is at 108,200
A key support level is marked in the chart at 108,258 dollars, which is equivalent to today's bottom line. If there is suddenly bad news in the afternoon and this position is broken, it could plunge directly to 107,000. But if it can hold this line, there might be a chance for a rebound.
4️⃣ News is the X factor
Assuming the latest news, like the U.S. suddenly approving BTC ETF 2.0 or a country announcing bottom-fishing, this level of positive news could directly break through the upper resistance level of 109,000. Conversely, if Musk starts spreading bearish sentiments again, it could lead to a crash.
Operation suggestions
1. For those holding coins: Keep a close eye on the 108,200 support. If it breaks, consider reducing positions.
2. For those looking to bottom-fish: Wait until it stabilizes above 109,000 before considering; don’t catch falling knives.
3. For contract players: Focus on short positions during the day, but set stop-losses.
Remember, this kind of volatile market is most likely to double kill; don’t jump at every rumor. Big funds are currently waiting for the evening opening of the U.S. stock market for correlation; it’s safest for ordinary people to watch more and act less.
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