The range oscillation has been broken, and the US stock market is weak, so be cautious about chasing higher! 8.8 Bitcoin Strategy

US President Trump: I am very honored to announce that I have chosen the current Chairman of the Council of Economic Advisers, Stephen Moore, to fill the recently vacated seat on the Federal Reserve Board, with a term ending on January 31, 2026. Meanwhile, we will continue to search for a long-term replacement for the Federal Reserve position. Along with the passed 401 bill, the cryptocurrency prices surged again, with Bitcoin breaking through 117,000 and Ethereum breaking through the 3,900 level. After the initial jobless claims were announced yesterday, Conan believes that it would be negative for the US stock market, which indeed surged and then retreated as expected, but the cryptocurrency prices didn't follow; currently, the short positions are still in play, and those who want to join can add positions randomly!

From a technical perspective, the daily line closed positively again, with little significant pullback during the day yesterday. In the morning, the cryptocurrency price broke through the 20-day moving average, the Bollinger Bands began to converge, the KDJ three lines formed a golden cross and diverged upwards, and the MACD dual lines also turned upwards, while the trading volume has severely reduced. The daily line is bullish, but the four-hour indicators show a strong need for pullback, so everyone should be cautious about chasing higher! The upper resistance levels to watch are 118,000, 1,189,000, and 119,500; the lower support levels are 115,500, 114,200, 113,300, and 112,600.

8.8 Bitcoin Trading Strategy: Aggressive traders can short at the current price of 117,200-117,500; conservative traders can enter on the rebound at 118,000-118,500, with a stop loss around 119,000. The target is to look for 116,000-115,000-114,200; if broken, look for 113,300-112,600. Continue to move the stop loss to protect profits based on the situation!

8.8 Ethereum Trading Strategy: Aggressive traders can short at the current price of 3,890-3,920; conservative traders can enter around 3,950-3,980, with a stop loss around 4,030. The target is to look for 3,800-3,750; if broken, look for 3,730-3,700. Continue to move the stop loss to protect profits based on the situation!

Long Position Strategy: Buy one lot on Bitcoin's first pullback at 112,000-112,500, with a stop loss around 111,000. The target is to look for 113,000-113,500-114,000; if broken, continue to move the stop loss to protect profits based on the situation!

For Ethereum, buy one lot on the intraday pullback at 3,670-3,700, with a stop loss around 3,650. The target is to look for 3,750-3,800-3,850; if broken, continue to move the stop loss to protect profits based on the situation!

The oscillation pattern has finally been broken, but the US stock market is weak, so everyone should be cautious about chasing higher. This wave of bullishness caught the shorts off guard, and there are also too many factors from the bears involved. Conan believes that the US stock market will pull back significantly in the near future, so be cautious at high positions! #比特币流动性危机 #下一任美联储主席人选