The cryptocurrency world changes faces faster than flipping a book; only by closely following the trend can you get a taste of the soup!
Brothers, I am Jin Zhu. I glanced at the latest news #BTC and combined it with the BTC four-hour chart at hand, let's talk about today's market:
What does the chart look like? This chart is quite shaky, with prices jumping up and down. However, it seems to have bounced back from the bottom. What does this indicate? It shows that at this position, there are temporarily people defending it, not wanting it to break down easily. The KDJ indicator's three numbers, especially the J value, have reached 102.59, which is quite hot and very active.
The pressure for a short-term pullback is not small, so keep your eyes open.
So how do we see it now? Combined with the rebound signs on the chart and the latest market whispers, I feel that the short-term is likely to be fluctuating. The big brothers trapped at the top and those buying at the bottom are still in a tug-of-war. We need to pay close attention to whether the key wall and support floor will be broken through or pierced. In terms of news, everyone is focusing on the movements of major institutions and the statements from the U.S. regarding inflation and interest rate cuts, as these directly affect the market's liquidity and sentiment.
What to do next? It's simple, keep a close eye on those two key prices on the chart: the 'ceiling' above and the 'floor' below. See if the price can truly stand above or fall below, as this will determine the likely direction of movement ahead. In the current situation, don’t be too reckless, manage your position well.
At what price to act?
Want to buy a little to try: If the price can really stably stand above 108900 without dropping immediately, it indicates that momentum may be coming, and you could consider a small position.
Hurry up and run: If it falls below that 'floor' around 98115 and feels like it can't get back up, then don't stubbornly hold on; cut losses when needed and take profits when you can.
Are you stuck? When to buy the dip? As the saying goes, if you feel lost and helpless and don’t know what to do, just click on the profile to comment. I need fans and you need references.
