Emergency Analysis! BTC suddenly plummeted nearly a thousand points last night, the truth and today's trading strategy are all here!
Last night, BTC fell nearly a thousand dollars in an hour, and the market exploded! To get straight to the point: U.S. unemployment data exceeded expectations, the Federal Reserve's rate cut expectations cooled, and large funds led the sell-off; the technical pressure level of 115586 formed a double squeeze, RSI was overbought, and bulls couldn't push up, directly triggering a sell-off!
Today, we must closely monitor the key level of 113540! If it breaks below → it may continue to probe down to 111864 or even test the lower Bollinger band; a rebound requires breaking the middle band at 113659 + RSI returning above 50 to stabilize emotions.
Short-term outlook: The lingering impact of news is still present, tonight's Federal Reserve speech is key. If 113540 holds, we can short-term seize a rebound, but it must be a quick in-and-out! In the medium to long term, don’t rush to catch the bottom; wait for the daily chart to stabilize at the middle Bollinger band + the fear index to retreat before taking action.
Trading advice: For those heavily invested, take the opportunity to reduce positions around 114500 during a rebound; for those lightly invested, you can set a position near 111864, but don’t rush to heavily invest! A sharp decline is a test for a bull market, maintain a stable mindset, and don’t be swayed by emotions!
I will continue to place strategic orders! Rather than fumbling around yourself and missing the best entry and exit points leading to losses, it’s better to follow me, and those who agree can come directly.
