9.1 Daily Analysis of Bitcoin at Midnight
From a 4-hour perspective, although the MACD has turned from green to red, the momentum is obviously lacking. The DIF and DEA remain firmly suppressed below the zero axis, releasing strong bearish signals. In other words, this is merely a correction after a decline, rather than a true reversal. Moreover, the trading volume has not expanded, which makes this rebound appear weak and vulnerable to being pushed back by larger bearish pressure at any moment. The medium-term outlook remains bearish, and the rebound is merely a pause after the downward trend.
Switching to the 1-hour cycle, the market is also oscillating in the range of 108500–109000, showing signs of bottoming out, but the strength is not solid. Although the MACD fast and slow lines have formed a golden cross, the red volume bars are gradually shrinking, indicating that the rebound momentum is dissipating. The KDJ has surged to a high position, almost reaching the overbought limit, suggesting that a downturn could occur at any moment. More critically, the volume during this rebound has remained sluggish, indicating that capital has not genuinely entered the market in large amounts; this trend resembles a "relay in the air," rather than a solid bottom reversal.
Therefore, Xiaozhuge's view on the strategy remains unchanged: the rebound gives us an opportunity!
Personal Suggestions
Bitcoin: Enter at 109500-110200, targeting a drop to 107200-105000, looking at the 100000 mark for short-term, and 88000 for long-term!
Altcoin: Enter at 4500-4530, targeting a drop to 4320-4250, looking at 4100 for short-term, and if it breaks, down to 3300!
