The longer the consolidation lasts, the more intense the breakout! — Daxing
For specific buying and selling points and positions, follow Daxing's homepage in the profile section.
[Market Update]
BTC is currently oscillating in the 104,900−105,200 range, with the 1-hour chart forming a 'weaving loom' pattern. Key points:
Support Level: $103,200 (20-day moving average)
Resistance Level: $105,800 (previous high resistance)
Bull-Bear Watershed: $104,500 (4-hour MA50)
Latest News (as of publication):
Federal Reserve Interest Rate Decision (2 AM Beijing time), market expects rates to remain unchanged, key to watch Powell's wording.
Whale Activity: On-chain monitoring detected 3 new addresses accumulating 8,200 BTC at a cost of about $104,000.
Market Sentiment: Fear and Greed Index at 58 (neutral), perpetual contract funding rate at 0.01%.
For specific buying and selling points and positions, follow Daxing's homepage in the profile section.
[Daxing's Viewpoint]
The current market is like 'the calm before the storm'. Remember, folks: consolidation is not a bottom; breakouts reveal the truth!
A practical example: Last month, BTC consolidated at $98,000 for 5 days, then surged 15% with the inflow of ETF funds. Key focus tonight:
Powell takes a hawkish stance: Mentioning 'inflation rebound' is dangerous, could drop to $102,000
Dovish Signal: As long as there's a hint of 'possible rate cuts', it will immediately surge to $106,000
Operational Strategy:
Spot: Place a defensive order at 102,630,000; can chase after breaking 105,800
Contract: Wait 15 minutes after the news is announced before taking action, avoid spike trades.
"When others are fearful, I am greedy; when others are greedy, I take profit!" Lock in Daxing's fan group at 2 AM tonight for real-time analysis of the Federal Reserve decision, helping you seize breakout opportunities!
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