The market on Tuesday ($BTC ) did not show any particularly outstanding points compared to recent trends, with the overall market mainly characterized by range-bound fluctuations. Both sides are in a tug-of-war, continually testing each other's resistance levels. The price of Bitcoin peaked at around 116,500 and dipped to around 112,800, with nearly 4,000 points of range. However, it has been primarily a period of consolidation. Those without patience are likely to exit midway, which is a common scenario in the crypto space. A stable mindset can achieve significant success for many. In the midnight layout on Tuesday, Ethereum made a small gain of 48 points. The crypto market is not a guaranteed profit venture; it requires us to continuously accumulate.
From a multi-dimensional technical analysis perspective, the current Bitcoin market shows clear signs of a bottom reversal. On the daily chart, the price accurately touched the lower support level before rebounding, with the candlestick displaying a significant long lower shadow, confirming the effectiveness of the lower support and highlighting strong buying at the bottom—during the dip, bulls quickly absorbed sell pressure, pushing prices upward and solidifying the foundation for the rebound. On the 4-hour chart, typical bottom reversal characteristics are evident: after a death cross of the fast and slow lines, the price formed a bearish divergence with the indicators, releasing strong signals for a reversal; the bullish histogram continues to lengthen, indicating that bullish momentum is accumulating; and the fast and slow lines are evolving from a death cross towards convergence, suggesting a fundamental shift in the balance of power between bulls and bears, with a significantly increased probability of a short-term explosive market. On the hourly chart, the price continues to break above the lower Bollinger Band, with long lower shadows repeatedly appearing below the candlesticks, reflecting dense support in the short term. Bulls are constantly absorbing chips during the pullback, providing sufficient support, and the short-term bullish trend is establishing, with upward momentum continuously strengthening. Overall, the resonance of technical indicators across various levels points to the market being in a critical stage of bottom reversal, making the continuation and explosive potential of the bullish trend worth anticipating. Based on this, we will make upward projections in the midnight layout.
Wednesday midnight operation suggestions: Bitcoin range 113,000-112,500, target 115,500.
Wednesday midnight operation suggestions: Ethereum range 3,570-3,540, target 3,750.
#币安HODLer空投PROVE #香港稳定币新规 #币安HODLer空投TOWNS #币安Alpha上新 #美股代币化
From a multi-dimensional technical analysis perspective, the current Bitcoin market shows clear signs of a bottom reversal. On the daily chart, the price accurately touched the lower support level before rebounding, with the candlestick displaying a significant long lower shadow, confirming the effectiveness of the lower support and highlighting strong buying at the bottom—during the dip, bulls quickly absorbed sell pressure, pushing prices upward and solidifying the foundation for the rebound. On the 4-hour chart, typical bottom reversal characteristics are evident: after a death cross of the fast and slow lines, the price formed a bearish divergence with the indicators, releasing strong signals for a reversal; the bullish histogram continues to lengthen, indicating that bullish momentum is accumulating; and the fast and slow lines are evolving from a death cross towards convergence, suggesting a fundamental shift in the balance of power between bulls and bears, with a significantly increased probability of a short-term explosive market. On the hourly chart, the price continues to break above the lower Bollinger Band, with long lower shadows repeatedly appearing below the candlesticks, reflecting dense support in the short term. Bulls are constantly absorbing chips during the pullback, providing sufficient support, and the short-term bullish trend is establishing, with upward momentum continuously strengthening. Overall, the resonance of technical indicators across various levels points to the market being in a critical stage of bottom reversal, making the continuation and explosive potential of the bullish trend worth anticipating. Based on this, we will make upward projections in the midnight layout.
Wednesday midnight operation suggestions: Bitcoin range 113,000-112,500, target 115,500.
Wednesday midnight operation suggestions: Ethereum range 3,570-3,540, target 3,750.
#币安HODLer空投PROVE #香港稳定币新规 #币安HODLer空投TOWNS #币安Alpha上新 #美股代币化
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BTC
115,219.17
+1.23%
