Midnight Bitcoin has stretched and recovered, with the highest price reaching around 108,400. The market then plunged again, dropping to around 105,700 in the early morning, resulting in fluctuations of thousands of points. In the evening, I reminded to catch a rebound near 107,000, successfully capturing over a thousand points in profit. After setting up two more trades, I managed to recover yesterday's losses and still have profits. I believe as long as we are not greedy, we should have decent gains.
From the current market perspective, with the midnight market making a second downward probe, a sharp decline has formed below, and the pullback trend can no longer be stopped. The daily chart shows two consecutive bearish candles stacked on moving average support, forming an M-shaped double top structure. The MACD and KDJ indicators on the hourly level have formed a dead cross resonance. With several levels of resistance below, the market gap has opened up, and I expect a certain degree of rebound and repair. However, the continuation won't be very strong. In the early market, we can take advantage of the rebound to enter positions at high levels.
Bitcoin: 106,500~107,000 support, looking down to 104,800.
Ethereum: 2,670~2,700 support, looking down to 2,580. #美国加征关税 #CPI数据来袭 $BTC