"When the wind of news blows, the grass of technical analysis falls - TRUMP is currently balancing on the edge of a cliff!"
News: Bearish pressure mounts, main force retreats.
Huge selling pressure confirmed: Team-related wallets sold $2.4 million worth of tokens within 36 hours, suspected high position cash-out, loosening chips directly suppress prices' rebound.
Regulatory shadow looms: The U.S. Senate has begun investigating Trump's involvement in cryptocurrency activities. If regulations tighten, it may trigger panic selling.
"Wallet blunder" disrupts: The WorldLibertyFi wallet, strongly promoted by Trump's son, has a dispute over 'true or false official' collaboration with Magic Eden, intensifying the market's trust crisis, making retail investors easy to be cut.
Technical aspect: Weak oscillation, life hangs on support.
Key death line: Current price 9.23 closely follows support 8.88. Once it breaks, it may slide to historical bottom 7.14! Resistance above looks at 9.60-9.80 bear liquidation zone; a breakthrough is needed to open up rebound space.
Indicator signals are contradictory:
MACD underwater golden cross: 4-hour chart golden cross appears, DIF: -0.136 crosses DEA: -0.153, green bars emerge indicating short-term bullish rebound willingness.
Bollinger Bands narrowing: Volatility sharply decreases, price is trapped between lower and middle bands 9.21-9.80, a trend change is imminent - upward requires volume, downward needs just a push.
Market sentiment is gloomy: Bears account for 54.35%, funding rates fluctuate greatly, retail investors are cutting losses while opening short positions, and trading volume shrinks, becoming a hard injury for rebounds.
"The coins sold by the main force are like roses given by an ex - they look bright, but they actually prick. Want to buy the dip? First ask yourself: are you catching chips or flying knives?"
Don't operate blindly, pay attention to big D, a professional team will help you avoid pitfalls and dig for gold! Make the path of asset appreciation clearer!
