$BTC The cryptocurrency market is a field full of innovation and transformation, with new concepts, technologies, and projects constantly emerging. Not learning is like groping in the dark, making it easy to lose direction. From understanding the underlying technology of blockchain to researching market trends and project whitepapers, every learning opportunity is a step towards enhancing your investment journey. Look at those big players in the cryptocurrency space; which one isn't continuously learning new knowledge and keeping up with industry dynamics? Continuously improving your understanding allows you to discover opportunities that others can't see and achieve your own success in the cryptocurrency market. Last night, the coin price dropped significantly and, after oscillating around the 109000 level, failed to stabilize. A bear raid occurred, causing the coin price to drop sharply by over 1500 points, reaching a low of 107455 before consolidating. Last night, Yunlu provided a multi-strategy hint that if Bitcoin breaks below 108000, the approach should be adjusted. Yunlu first advised students to enter the market, and after the coin price dropped below 108000, they promptly executed a stop-loss, allowing students to switch to a short position, which subsequently yielded nearly 500 points.
The 4-hour level shows a strong bearish pattern, with MACD death cross accelerating downwards and RSI falling to the oversold area at 35. Key resistance has shifted down to the 108300-108500 range, while support below focuses on the psychological level of 107000 and the weekly support at 106500. It is important to pay close attention to the impact of the Federal Reserve's speech in the early morning and remain alert; if RSI continues to be oversold, it may trigger a technical rebound, but until the trend reverses, the focus should remain on short positions. It is advisable to remain flexible; the market has entered a bearish dominant phase, and reverse operations require extra caution.
Bitcoin recommendation: Increase short positions in batches as it rebounds to the 108000-108300 range, with a stop-loss above 108800 and a target of 107000-106500. If the 106500-107000 range is reached, light positions can be attempted for a long, with strict stop-loss below 106000.
