Bull-Bear Watershed! BTC Short-term Faces Key Decision! What Direction Should We Choose Next?
In the last 12 hours, there has been a net inflow of $23.09 million from major orders, seemingly indicating that bulls are secretly positioning themselves, but don't be misled by appearances! Currently, it is still being pressured by the two key moving averages EMA24/52, struggling to breathe. The MACD histogram continues to shrink, and the bears still have ammunition left. The 2-hour K-line has formed a 'double top + flat top' pattern, and the RSI has also fallen below the 50 midline, clearly signaling short-term bearishness.
Although the major players are stealthily accumulating at low levels, the market trading is as quiet as a 'ghost market', with volume shrinking to the extreme. In this context, the major players' buying pressure is like throwing pebbles into the ocean—unable to create big waves. Once the rebound loses strength, the bears may launch a second attack at any time, so be wary of a trap for the bulls in the short term!
Feng believes that the major players' willingness to go long does not equal an immediate rise! With technical indicators favoring the bears and insufficient volume, if the rebound cannot break through the moving average pressure, it is highly likely to be short-lived. Watch more and act less, wait for the direction to become clear!
As for specific operational strategies, I will share them publicly next. If you want to bottom fish mainstream cryptocurrencies but don't know how to start, or if you're unsure when to stealthily position in altcoins, then why not follow Feng's lead!!!
