The market always swings between fear and greed, but the wise only follow the trend.

Key Point Analysis of the Market

Today's BTC movement is like a high-wire act; a slight misstep could lead to 'waterfall or rocket'. From the 1-hour candlestick view, prices are repeatedly testing around 114610 (Fibonacci 38.2%), with strong resistance at 116247 (61.8%) above, and 113685 (psychological level) as the last line of defense below.

Bullish Territory (114610-116247): If it can stabilize above 114610, it indicates a warming market sentiment, and short-term funds may continue to push higher, targeting 116247, or even challenging 117423 (previous high).

Bearish Sniping Zone (below 113685): Once it drops below 113685, panic selling may emerge, heading straight for 111920 (previous low), or even testing 110000 (integer psychological support).

Old Bull's personal opinion: Consolidation and energy accumulation, waiting for a change.

Current BTC is like the market wave in March - it was sideways at 11500 for a week, and many thought it would break through, but a big bearish candle directly dropped it to 10500. History doesn’t simply repeat, but is often remarkably similar.

Key Signals:

MACD green bars are shrinking, indicating that bearish strength is weakening, but a golden cross has not yet formed; bulls still need to make an effort.

RSI is hovering around 50, neither overbought nor oversold, indicating that the market is in 'wait-and-see mode'.

Volume is shrinking, indicating that large funds are waiting for direction, while retail investors are 'jumping left and right'.

Old Bull believes:

If tonight after the US stock market opens, BTC can break through 114610 with volume, a light position can be taken to chase bullish, targeting 116247.

If it breaks below 113685 with volume, don’t hesitate, first reduce positions to avoid risk, and consider re-entering near 111920.

Old Bull's operational advice: Light positions on standby, act after a breakthrough.

Aggressive Faction: Small positions in the 114000-114600 range for high selling and low buying, with a stop-loss of 200 dollars.

Stabilizing Faction: Follow up only after a clear breakthrough of 114610 or a drop below 113685 to avoid 'slapping faces left and right'.

After the US stock market opens tonight, will BTC make a 'comeback' or 'plummet'? Pay attention to Old Bull, the answer will be revealed tonight! Remember: The market is always born in despair, rises in hesitation, and ends in celebration. What you should do now is not to bet on direction, but to wait for the market to show the way!