Eagle 🦅 Grabs Coins
Current Price: $112,498 USD
Resistance Level (Short-term Profit Target): $113,500 / $115,500
Support Level (Short-term Buy/Add Position): $110,000 / $109,600
Technical/Event-Driven/Market Sentiment (Key) Analysis:
Technical: 4H/Daily shows neutral oscillation, RSI~45 (not oversold), MACD weak; Weekly/Monthly bearish leaning neutral, downside risk to $103,752 (Weekly Bollinger lower band), but overall buy signals strong.
Event-Driven: Fed's rate cut in October but Powell's hawkish remarks causing volatility; After the major crash in October (down 14%), gold price decline favors BTC as a safe haven; No significant positive events, macro uncertainty dominates.
Market Sentiment (Key): Sentiment on X is low, Fear & Greed index 24-51 (Fear/Neutral), crowd misinterpreting weakness as stability; Chip structure change: Long-term holders' monthly distribution surged by 122,000 BTC (selling pressure intensifies), short-term holders taking profits (whale transfers ongoing), demand waning, easily leading to further dips but also presenting reversal opportunities.
Trading Suggestions:
Short-term (4H/Daily): Low sentiment + selling pressure on chips, hold positions and observe; if $110k support holds, buy/add position; if broken, sell and stop loss.
Medium to Long-term (Weekly/Monthly): Combine LTH distribution but overall buy signal, low sentiment is an accumulation period, suggest buying on dips and holding, target $120k+.
