The day lily has bloomed, the fragrance fills the garden
How many people see the flowers bloom #Bitcoin #eth #Bitcoin market looking at support 114,000
8.1 Daily Analysis
🫓 Yesterday's overall trend maintained the expected downward movement. The Federal Reserve did not cut interest rates, and Trump loudly called for a rate cut that did not materialize, resulting in a decline in Bitcoin. The previous range of fluctuations has been broken, with support moving down to the 115,000 position. The intraday trend continued to correct in the early hours, and the current price is running around the 116,500 level. The daily chart still shows a weak consolidation phase, so please adjust flexibly according to market trends during the wide fluctuations.
From a technical perspective, the overall wide fluctuations show that the MACD green bars continue to expand, but there is a reduction. The RSI is at 34.6, close to the oversold zone, indicating a potential short-term technical rebound demand.
At this point, maintain a focus on high short and low long positions during the day. (Defense is crucial)
For the rebound, consider shorting around the 119,000 to 118,600 line.
Target around the 115,000 to 114,500 line.
For the rebound, consider shorting around the 3,870 to 3,850 line.
Target around the 3,670 to 3,650 line.
🫓 Yesterday's overall trend maintained the expected downward movement. The Federal Reserve did not cut interest rates, and Trump loudly called for a rate cut that did not materialize, resulting in a decline in Bitcoin. The previous range of fluctuations has been broken, with support moving down to the 115,000 position. The intraday trend continued to correct in the early hours, and the current price is running around the 116,500 level. The daily chart still shows a weak consolidation phase, so please adjust flexibly according to market trends during the wide fluctuations.
From a technical perspective, the overall wide fluctuations show that the MACD green bars continue to expand, but there is a reduction. The RSI is at 34.6, close to the oversold zone, indicating a potential short-term technical rebound demand.
At this point, maintain a focus on high short and low long positions during the day. (Defense is crucial)
For the rebound, consider shorting around the 119,000 to 118,600 line.
Target around the 115,000 to 114,500 line.
For the rebound, consider shorting around the 3,870 to 3,850 line.
Target around the 3,670 to 3,650 line.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
116,724.22
+1.89%
ETH
3,893.52
+6.40%