Did everyone sleep well last night?
Trump and Musk took advantage of the moment when the brothers were about to fall asleep to capsize their friendship boat, recklessly throwing dirt and displaying ungrateful drama, causing turmoil in the crypto market. So what do you think is the fundamental issue that led to the two big shots tearing each other apart?
Returning to the topic
During the early morning hours, the hourly K-line showed a six consecutive bearish trend, with short-selling forces continuing to exert pressure, testing the 100300 line. However, after touching this price level, the downward momentum somewhat stagnated. By morning, the market saw a corrective rebound, with prices rising above 102000. This shows that the night market broke the previous consolidation pattern, which was actually a concentrated liquidation of long positions in the 100,000 to 110,000 range.
From the observation of the four-hour K-line pattern, a long lower shadow line indicates a bottom-finding characteristic, followed by two consecutive bullish lines that suggest a preliminary signal of a short-term bullish counterattack. On the daily level, after two consecutive days of bearish closing, a hammer candle with a longer lower shadow appeared, but today's market has not yet fully confirmed the validity of this bottom signal.
From the daily level perspective
BTC's downward rhythm is evident, and attention should be paid to the 100,000 key level below; ETH has a deeper decline, focusing on the critical position of 2330!
Finally, please pay attention to tonight's non-farm payroll data, which may determine the direction of weekend consolidation!
Disclaimer: The content of this article is for information sharing only and does not constitute investment advice. The cryptocurrency market is highly risky and volatile; investment decisions should be made with caution.
