Latest Updates:
ETF Continues to Bleed: Large institution ETFs like Grayscale have seen outflows of hundreds of millions in recent days, and big players are fleeing, unable to support buying pressure.
Regulatory Clouds Looming: The US SEC has recently made noise about the scrutiny of exchanges again, and Bitcoin is being targeted, making funds hesitant to enter the market easily.
Miners Can't Hold On: On-chain data shows that old miners are secretly transferring coins to exchanges, suspected of accumulating selling pressure, the floor might crack further.
Technical Analysis:
K-Line Stagnation: Currently fluctuating around 2451, a spike to 2468 was crushed into an upper shadow, closing down, a typical case of bulls losing their heads.
Moving Averages Pressing Down: MA7 (2521) and MA30 (2564) are like two mountains, with the price shrinking below, any rebound just adds to the shorts.
Bollinger Bands 'Flying Close to the Ground': The price is tightly adhering to the lower band (around 2440), with the middle band (2550+) becoming the ceiling, the downtrend channel is locked!
MACD Death Cross Squatting: The fast and slow lines are resting below the zero axis, the green bars haven’t shrunk, and the downtrend hasn't eased.
Volume Shrinking: Trading volume is down by half compared to the previous days, indicating a pause in selling pressure, but who would dare to catch the falling knife?
Operation Summary:
Short Positions Dominant: Gradually short near the 2460-2480 resistance area, set stop-loss above 2520, aim for 2380 first, and if broken, look at 2312!
Caution with Long Positions: Want to bet on a rebound? Use light positions and run quickly, small stop-loss below 2450 to make a quick profit, don't get too greedy!
Key Monitoring Points: A significant drop below 2440 indicates a need to increase short positions! A violent breakout above 2520? Wait and see if there's a mistake.
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