The cryptocurrency market is ever-changing, with every fluctuation hiding opportunities and challenges—don't panic when it falls, and don't go wild when it rises; maintaining a calm mindset is key to seizing opportunities!
Great Sage's Interpretation:
Family! I just finished watching the BTC chart, and wow, this market is like a roller coaster! Yesterday it surged to 108,952 USD, and today it fell back to 105,626 USD, it's a heart-pounding ride! (That big bearish candle in the screenshot made my hands shake...)
Why is it falling?
Technical Analysis: The two lines of the MACD indicator, DIF and DEA, are still underwater (negative values). Although the green bars (MACD bars) have popped up, overall it's still 'falsely inflated', indicating that the bulls are weak, and the bears are taking the opportunity to sell off.
Capital Flow: A net outflow of 30.23 million USD! It's highly likely that a whale is dumping or leveraged bulls are facing liquidation. When these people run, the market deflates like a punctured ball.
Sentiment: You see the trading volume fluctuating wildly, indicating that retail investors are also hesitant—afraid to chase the rise and scared to bottom fish, making the market chaotic like headless flies!
Great Sage's Perspective:
Don’t rush to bottom fish in the short term! The current price is stuck near the middle Bollinger Band (105,001 USD). If it can't hold, it might drop to 104,000 USD (the lower Bollinger Band). But if it manages to stabilize at the middle band, accompanied by a rebound on increased volume, it might push for another high!
Great Sage's Bitter Experience:
Last month, BTC played out the same way—first a sharp drop to wash out positions, then a violent surge! So we need to patiently wait for signals: MACD golden cross + volume breakout at 106,000 USD, that's the safe entry opportunity!
Family! Do you think this pullback is an opportunity or a trap?
Shout out your opinions in the comments! Randomly selected people will get hands-on guidance from the Great Sage on how to watch the market and escape the peak tomorrow in the fan group!$BTC #加密市场反弹
I am the Great Sage. Trust institutions, take a stroll in paradise; trust the Great Sage, let your wealth roll in the grave. If you want to know the latest news or consultations, or if you don't know what a valid breakout point is, feel free to follow me. The Great Sage will guide you without getting lost! If I fail to do so, I welcome you to wake me up in the comments!
