Large funds are lingering around the critical zone of $140.75, retail investors should stay alert—if this level holds, there will be a breather; if it breaks, it could lead to a collapse!
Trend Prediction
Bears continue to control the market, K-line center of gravity is shifting downward, MACD death cross confirmed, the downtrend is not over.
Funds are stuck at the key level of $140.75, which serves as a short-term lifeline:
Hold: It may oscillate and repair to $142-145, spot trading can cautiously try a long position, with strict stop-loss below $140.75;
Break: Downward space opens, targeting the historical support at $136, and holding long positions is strictly prohibited!
Reversal Conditions:
Only when there is a volume breakout and stabilization above $148 can the rebound be sustained; otherwise, it is just a trap for bulls.
Market Anomalies:
News: Tether's issuance of 1 billion USDT may provide potential liquidity, but the market reaction is lukewarm;
Thin Trading: Prices are stuck around $145, with most intra-day trades being small retail orders, and a strong market wait-and-see sentiment, waiting for direction to choose.
Practical Strategies:
1. Overall Trend: Bears dominate, cautiously bearish;
2. Core Monitoring: The battle at $140.75, closing price confirms validity;
3. Breakout Response: Stop loss immediately if it breaks, target $136;
4. Reversal Signal: Breakthrough and stabilization at $148, otherwise do not hastily call a bottom.
Prices are 'lying dead' in the range of $140.75-$145, trading volume has shrunk to a freezing point, and a market shift is imminent; beware of one-sided trends after a volume breakout!
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