BTC is currently fluctuating between 105,000 and 109,000, with a significant amount of sell orders piled up at the resistance level of 109,000, while 100,000 is a key support level.
Recently, market sentiment is very divided — Liangxi and James, these two influencers, are always singing opposite tunes, one is shouting for a downward trend while the other is extremely bullish. In fact, both are just acting as pawns for the big players, misleading retail investors to take over. It's better to ignore their nonsense!
From a technical perspective on the daily chart, BTC's recent decline was a volume-driven crash, while the rebound has shown a clear reduction in volume, indicating a lack of funds to support upward momentum.
The MACD has just crossed bearish, and the short-term correction trend has not changed. The current rebound is just a trap to lure you into taking over!
To put it directly: the level of 110,000 cannot be breached in the near term, BTC will continue to fluctuate and decline, and it hasn't really dropped thoroughly yet!
Although the MACD on the four-hour chart shows a golden cross indicating a need for a rebound, the volume is clearly insufficient, and the maximum height will reach 106,500 before turning back.
In terms of operations, you must remember: open a short position directly at 106,500, set a stop loss at 107,500, and aim for the first target at 103,000! The three-day line MACD has a more obvious bearish cross, indicating that the mid-term bearish trend remains unchanged, and the rebound is an opportunity to short!
Currently, the global situation is in chaos — Trump has raised tariffs and started a trade war, and the EU and China are sure to retaliate, leading to tremors in the global economy. In Eastern Europe, Russia has been bombed by Ukraine strategically.
Putin has directly brought out nuclear missile troops to patrol, and if this continues, it could really get dangerous! In such a macro environment, do not expect BTC to soar from June to August; it is more likely to fluctuate and decline for a washout. For those waiting to buy the dip, just hold on a little longer; the right time to act hasn't come yet!
If you can't grasp the situation and keep chasing highs and selling lows, feel free to chat. Like and leave a message, and Tiger Brother will help you get on board.