Morning Thoughts
Currently, the BTC price is fluctuating around the 104500 mark, with bearish sentiment dominating the market in the short term. From a technical perspective, the price continues to be under pressure from the EMA10 moving average, and the short-term bearish trend remains unchanged. However, under the 4-hour MACD death cross pattern, the bearish momentum bars have significantly contracted, indicating a weakening of bearish power; at the same time, the RSI indicator has reached the 30 oversold zone, enhancing the demand for technical recovery.
Key support at 103300 remains stable. If the resistance level of 105500 is broken, there is potential to establish a short-term bottoming structure. The strategy for Wednesday's morning trading focuses on low-position buying opportunities, with a key emphasis on adjusting positions based on breakthrough situations at critical points. Market sentiment is cautious, and operations need to closely monitor volume coordination!
Operational advice focuses on buying on retracement
Big Cake 104000-104500 look up to 105500
Auntie 2480-2500 look up to 2550
