$BTC This week's market is a time-space meat grinder! This afternoon, Bitcoin rushed to the resistance level of 105822 and was instantly hit, confirming the military graveyard! Awesome!
K-line Pattern: The 1-hour level has formed a downward channel, with the recent low of 103862.5 not effectively breaking the previous low of 103752.49 (daily line). A long upper shadow (105935.63) appeared on the daily line and then retraced, with the current price oscillating in the range of 104000-105000.
Technical Indicators:
MACD: The 1-hour level's fast and slow lines crossed downwards and continued to decline, with the histogram expanding to -293.5, showing an accelerated downward trend. RSI: The 1-hour level at 39.18 has exited the oversold zone but has not touched the middle line, while the daily line at 50.18 shows a neutral to weak bias. EMA: The price has continuously broken through the 7/30/120 cycle EMA (104531/104761/105507), and the moving average system shows a bearish arrangement.
Trading Volume:
During the crash, there was a trading volume of 999 combined with a large bearish candle (17:00), but the rebound at 20:00 had only 500, which is insufficient. The daily level of 6846 trading volume is significantly below the average (recent daily average 10000+), with a strong wait-and-see sentiment among funds.
Buy and Sell Points
Long Strategy:
Buy Point One: 103,500 USDT (close to the previous low of 103862.5, an integer support level. If the price does not break below the previous segment low, a rebound can be attempted.) Buy Point Two: 102,800 USDT (an integer level at 1000 points + daily support range of 102000-103000, the oversold area may create reversal opportunities.) Long Stop-Loss Point: 102,300 USDT (about 0.5% below Buy Point Two and confirms trend destruction after breaking the key daily support at 102000.)
Short Strategy:
Sell Point One: 105,000 USDT (1-hour EMA120 moving average coincides with the integer resistance level, a recent area of intensive selling.) Sell Point Two: 105,500 USDT (near the previous high of 105935, a second test of the resistance level, combined with MACD cross signal.) Short Stop-Loss Point: 106,000 USDT (after breaking the previous high and stabilizing above 105935, a new round of upward movement may begin.)
The market changes every day, so you must seize the right timing before acting. If you're still too confused, you might consider following along, as I usually share some cutting-edge information and practical strategies. Feel free to come and discuss anytime, let's seize the big opportunities together!
