Crash Warning? The Americans are coming down, causing the market to fluctuate back and forth, will there be a rebound or a drop? This article clarifies the intraday market dynamics!
The Americans' direct involvement has brought an unsettled weekend; the Bitcoin started to decline from Saturday evening, moving in a stepped accelerated downward trend. Although it rebounded after touching around 102000 in the early morning, it failed to stop the downward trend, subsequently dipping to the low of 101020. In the morning, the Americans officially announced their direct involvement in the conflict, and the market encountered a rapid jump point again, first declining to 100789 before quickly rebounding to 103362, currently temporarily trapped in a震荡调整 phase. The Ethereum also synchronized to dip to the low of 2213 before rebounding.
From the current market trend analysis:
The Bitcoin's daily level has seen a continuous decline with bearish candlesticks, and the bulls have still not managed to form an effective counterattack with increased volume, only constructing a double bottom pattern for a correction. On the four-hour level, the price stabilized after touching the low of 100789, showing initial signs of a rebound.
Focus on the breakthrough situation at the key pressure level of 103800 during the day. If it cannot effectively attack this level, the market is likely to continue the downward trend, testing the support at the $100,000 integer mark again. Currently, the bears dominate market sentiment, and with the key technical pattern breaking down and closing lower, the downward space further opens up, and the rebound momentum is insufficient, failing to break and stabilize at 106500, making it difficult for Bitcoin to form a bullish trend.
Short-term operation Silk Road: $BTC
Bitcoin reference 102500-102000 long, look at 104000;
Ethereum reference 2260-2250 long, 2320-2350.
