The crypto world is always rising and falling, winning and losing.
The world is always full of joys and sorrows, separations and reunions.
Yesterday's enemies have become kin today.
Yesterday's father-in-law and daughter-in-law, now unable to see each other.
The gossip about Musk and Trump should last for a while. Both are kings of their own worlds, each with their own stubbornness and power, unwilling to lose and compromise, it’s ingrained in their nature.
One thing is certain: in America, you can fall out with the president, but you don't have to worry about your assets being seized or your person being detained; human rights are essentially restored, giving freedom back to everyone.
While we are gossiping, let's think about our own situation; you can only smile and move on.
You can curse the heavens and the earth, curse Trump, but you would never dare to curse the village secretary. Freedom of speech is just a trick to deceive students; if you don’t believe it, go to the security office and shout, and you’ll definitely get a few months of free labor opportunities.
As China and the US are about to start trade negotiations in London, the East's toughness seems to be a step ahead; most of the world's rare earth processing is in the East, and rare earths are irreplaceable materials for military, aviation, chips, and automobiles, etc. Everyone has their own means of defense, and for now, it can only be considered a draw.
Currently, from the daily chart perspective, BTC made a反V move yesterday, but the trading volume is lacking, and there haven't been significant funds entering the market; most of the current chasing highs are retail investors. From the pattern, there should be a rebound, but the height of the rebound won't be too high. The MACD indicates that the bulls are indeed strengthening. Currently, it's recommended to patiently wait for the spot market. The upper pressure is around 109,000, and the lower support is 100,000.
From the 4-hour level, the MACD has a golden cross, indicating a need for continued rebound, currently facing trendline resistance; if it effectively breaks through 105,000, it will continue upward. Personally, I suggest shorting at 106,500 with a stop loss at 107,000, and going long at 101,500 with a stop loss near 100,000. At the current position, neither long nor short is suitable; it's better to wait patiently.
From the 3-day line perspective, the MACD has a dead cross; from a mid-term perspective, the trend is still in a correction pattern, but from the current candlestick pattern, there should be a rebound; if it rebounds to around 109,000, you can go short. Currently, it's still advisable to watch the market; if BTC effectively breaks below 100,000, there’s a chance to go down to around 92,000.
Greed is always your biggest obstacle in trading; if you can’t understand the market, then stopping is profit. $BTC