Recently, the price of Bitcoin has been extremely volatile. Just today, as of now, the price is $110668.43, which is a drop of $22.13811 compared to the previous day, a decrease of 0.02%. From the recent 4-hour candlestick chart, the price trajectory resembles a roller coaster. Compared to yesterday at 8 a.m., it had a slight increase, then a slight decrease at noon, and has rebounded compared to 4 p.m. yesterday, but has dropped compared to 4 p.m. the day before. Moreover, the last candlestick is a bearish candle, with the closing price lower than the opening price, indicating that the bearish forces have been slightly stronger during this period.
Looking at the trading volume, it has recently decreased, and when prices rise, the trading volume falls, indicating that the upward momentum is weakening. Analyzing the MACD indicator, there is no obvious trend in the current market; the MACD histogram remains positive but is gradually shortening, suggesting that the bullish strength is diminishing. The KDJ indicator shows no golden cross or death cross, with a KDJ value of 92, indicating an overbought state. Additionally, the value of MA10 is greater than that of MA30, indicating that the overall market is in a volatile state.
Based on these technical indicators, the buying points are one at $106120.42 and another at $108279.9184; the long stop-loss point is at $107121.71. For selling points, one is at $112759.0 and the other at $112694.08; the short stop-loss point is at $112783.85. The recent support level is at $107557.0, the resistance level is at $112759.0, and the most recent high is $112222.74.
Recently, the volatility of Bitcoin has been quite stimulating. On August 14, the price of Bitcoin briefly broke $124,000, setting a new historical high, and many people were discussing it passionately, with the market sentiment extremely high. However, it started to correct afterward, and on August 18, the price fell to $114929.2, dropping 2.59%. This decline caused over 110,000 people to get liquidated, making for quite a scene of mixed emotions. By August 26, Bitcoin fell below $110,000, with a daily drop of 3%. Globally, a total of 206,500 people were liquidated, with a total liquidation amount of $904 million, and the largest single liquidation amounted to $39.2448 million. Just looking at this liquidation amount is enough to make one feel terrified.
Currently, there are many factors affecting the price of Bitcoin. On one hand, market expectations regarding the Federal Reserve's monetary policy can greatly impact Bitcoin's price. If the market anticipates a rate cut by the Federal Reserve, funds may flow into risk assets like Bitcoin, driving up prices; conversely, if a rate hike is expected, funds may flow out, causing prices to drop. On the other hand, the buying and selling of Bitcoin by institutions and enterprises also affect its price. In recent weeks, increased corporate purchases have had a certain uplifting effect on Bitcoin's rise. Additionally, regulatory policies in the cryptocurrency market play a role; if regulations tighten, Bitcoin's price may be suppressed; if regulations loosen, prices may rise.
In summary, the Bitcoin market is highly volatile and the risks are high. If anyone wants to invest in Bitcoin, they need to do thorough research and avoid blindly following trends; otherwise, they might be severely 'cut' by the market unexpectedly!
