Brothers, pay attention! This wave of BTC volatility may not be over yet.
Right now, don’t rush to buy the dip! The recent four-hour candlestick chart has me shaking my head—Bitcoin and Ethereum are repeatedly rubbing against a low range, with both bulls and bears locked in a tug-of-war, just waiting for one side to give in and let the market choose a direction!
Focus on this volatility range; it's been shrinking smaller and smaller over the past few days, with prices squeezed in a narrow space, unable to move. This is the time when a sudden market reversal is most likely to happen! Although there are many upper and lower shadows on the candlestick chart, every time it tries to surge upward, it gets firmly held back by the MA30 moving average, unable to turn over at all!
Looking at several key moving averages, they are all pressing down, clearly indicating that the bears still control the rhythm! The most critical point is the key price level of 106300, which has been tested three times without breaking through. Considering these signals, I dare say this wave of volatility is very likely to break down further!
Here's the trading advice:
Keep a close eye on the 105800-106300 range for Bitcoin; if it can't hold here, expect it to drop to around 104500;
For Ethereum, pay attention to the 2560-2580 resistance level; if it fails to break through, expect it to drop to 2480!
Lastly, let’s be honest: going solo in this market is just asking for trouble!
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