"The market is like a battlefield; information and skills are the keys to victory."
News: The impact of changing winds
Recently, news in the crypto market has been coming one after another. From a macro perspective, subtle changes in the global economic situation are intricately linked to the crypto market. For example, fluctuations in traditional financial markets and new trends in monetary policies of various countries may indirectly influence BTC's trend. Recently, discussions on regulatory policies regarding cryptocurrencies in certain countries have heated up again. Although no clear policies have been implemented yet, this uncertainty has already stirred ripples in the market.
In addition, there are many new dynamics within the industry. Adjustments by large institutions in their layouts of crypto assets and progress in the application of new blockchain technologies are also influencing investors' psychological expectations to a certain extent. These news factors are like pebbles thrown into a lake, causing layers of waves in the BTC waters.
Technical analysis: The secrets behind the K-lines
From today's 1-hour K-line chart, BTC's trend has some intricacies. The chart shows that after a recent decline, the price is currently in a relatively critical range.
The upper pressure level is around 118560, which is like an insurmountable checkpoint. The price has attempted to attack this level multiple times without success, indicating significant selling pressure here. The key support level is at 115640; if the price falls below this level, it may trigger further downward movement. The lower support level is at 112500, which has acted as support multiple times in previous trends, like a solid fortress.
From the perspective of the moving average system, the short-term and long-term moving averages are intertwined, indicating that there is some divergence between the bulls and bears at the current market position. The MACD indicator shows that the DIF and DEA values are at a certain level, and the MACD histogram varies in length, reflecting the continuous changes in market momentum.
Personal opinion: Observe cautiously and act when the opportunity arises.
Considering both news and technical analysis, BTC is currently in a sensitive period. The uncertainty in news increases the volatility risk in the market, while technically, the price is at a critical level. For us retail investors, we should not blindly follow the trend at this time.
Advice for retail investors
Do not be misled by the short-term fluctuations in the market; pay more attention to changes in news while combining technical analysis. If there is an effective breakout above the pressure level, accompanied by an increase in trading volume, there may be some opportunity; but if it falls below the key support level, be cautious of risks and adjust your strategy in time. Before the market has a clear direction, maintaining a wait-and-see approach can also be a wise choice.
