BTC price fluctuates up and down, buying low and selling high to earn the difference; quick in and out, don't be greedy.

One, information aspect

From financial news, the market will face multiple macro events next week, including the announcement of China's LPR interest rates, speeches from Fed Chair Powell, and the European Central Bank's interest rate decisions. These events may trigger market volatility, leading BTC to show an upward trend. However, the short-term impact will be limited, as macro policies usually have a greater influence on medium to long-term trends.

Additionally, earnings reports from tech stocks (like NXP Semiconductors) may indirectly affect cryptocurrency market sentiment, but BTC is currently still in a consolidation range, showing no clear macro-driven trend. Therefore, short-term traders can ignore macro noise and focus on technical signals.

Two, technical analysis

From the BTC one-hour candlestick chart:

  1. Price trend:

    • The current price is fluctuating around 117,634.

    • Long and short forces are balanced, and the market has yet to choose a direction.

  2. MACD indicator:

    • The MACD histogram is alternating between red and green in the bottom area, indicating that the long and short momentum is stuck, and no clear trend has formed.

    • If there is a MACD golden cross, it may indicate a short-term bullish outlook; if a death cross occurs, it may indicate a short-term bearish outlook.

  3. Resistance and support levels:

    • Resistance level: 118664 (clearly marked in the chart)

    • Support level: 117217 (close to current price)

Three, Zhuque's personal opinion

Combining technical and fundamental analysis, BTC is currently in a consolidation market, suitable for short-term traders to operate within the range.

  1. Long position strategy: If the price falls to around 117,595 and shows a stop-loss signal, a small position can be taken long, targeting 118,002.

  2. Short position strategy: If the price rebounds to around 118,086.5 and shows a stagnation signal (like a small bearish candle, MACD death cross), a small position can be taken short, targeting 117,595.

  3. In my opinion, the current market situation for BTC presents a fantastic trading opportunity for everyone. BTC has been plummeting since last night, breaking through the range of 117258. We can adopt a strategy of buying low and selling high; do not easily try to short, as there is a risk of losing everything in a moment.

    BTC has been in a downward spiral from 5 AM to 9 AM. Due to comments from Fed Chair Powell, BTC's price surged to the highest resistance level until 10 AM, when Zhuque reminded followers in the village. After breaking through the range to 117938 at 10 AM, it fell back to 117880 due to insufficient momentum. Given the current situation, Zhuque suggests that followers buy BTC on dips. If it breaks downward through the range at ten, it will drop to 117595, then find support and rebound to 117671, followed by another drop to around 117270.

    The current market lacks upward momentum and needs a correction to attract more buy orders, building momentum for a new wave of increase. The specific breakout points and timing are uncertain, but you can click on the avatar to follow Zhuque for real-time updates and reminders.

    Additionally, closely monitoring changes in information is crucial. Once significant industry news emerges, whether positive or negative, we need to promptly adjust our trading strategies to align with market changes.#上市公司加密储备战略 $BTC