From the 4-hour technical perspective, the Bollinger Bands are showing a horizontal trend, with prices repeatedly testing the middle band and facing resistance, clearly demonstrating strong selling pressure from above. Meanwhile, the RSI indicator continues to hover below 50, indicating insufficient buying power in the market, with an overall neutral to weak pattern. The MACD indicator's fast and slow lines are continually converging, with a death cross pattern gradually forming, suggesting significant downside risk in the future.
Looking at the 1-hour level, the Bollinger Bands channel has significantly narrowed, indicating that the market is about to end the current volatility and choose a breakout direction. Although a KDJ indicator golden cross appeared in the morning session, the J line quickly fell back after touching the overbought area, indicating the bullish rebound lacks sustainability and is unlikely to change the short-term weak pattern. Investors should closely monitor the breakout of key levels and be wary of trend reversal risks. Operational Suggestions:
Short in the range of 104000-104500, with a target near 102000-101000; Short in the range of 2540-2560, with a target near 2450. Be sure to set strict stop-loss orders when trading to control risk.
BTC Bitcoin has once again retraced and declined. We mentioned a second bottom, and yesterday we reminded everyone not to panic; it's nothing serious. The lowest hit 102640, which aligns with our expected price mentioned in the tweet on the 16th. Now, the big coin is starting to break through the strong resistance area above, in the 104000-105000 range. I looked at the overall market, and the bulls seem a bit weak. Every time it peaks at 104000, it gets knocked down. This may put pressure on the entire situation. Currently, the big coin has broken through this blockade area, and the difficulty continues to increase. I personally feel that breaking through 104500 is a bit challenging unless the bulls increase their volume to push it up; otherwise, it might just be a false signal. The operation suggestion is that those who hold can start selling gradually as it rises. ETH's trend has once again been suppressed by the Bitcoin's fluctuation yesterday. Currently, if Bitcoin does not break 105000, it will be difficult to have much room for growth, unless Bitcoin breaks through, which would give ETH some space to breathe. The operation suggestion is the same as Bitcoin: sell gradually as it rises. As for BTC's future market, we can only wait for a breakout. After the breakout, if Bitcoin stabilizes, we can consider building positions on the right side with large amounts. If it doesn't break out, it will continue to decline, and this drop may reach close to the previous bottom at around 101000!
Midnight Silk Road says it starts from wherever it is empty $BTC $ETH
锦琦777
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Midnight Silk Road:
The four small K-line big coin aunt is also continuously collecting shadows, the MACD has formed a death cross and is below the zero axis, the k-line is dominant, with current support at 101000 and 2380. If it continues to break down, there is more room below. The K-line pattern has formed multiple long upper shadows, and there are obvious signs of a weakening trend.
Operation suggestions: Big coin: around 103300-103800 k-line, target around 101500; Instrument: around 2490-2510 k-line, target around 2410. Personal suggestions, for reference only $BTC $XRP
The four small K-line big coin aunt is also continuously collecting shadows, the MACD has formed a death cross and is below the zero axis, the k-line is dominant, with current support at 101000 and 2380. If it continues to break down, there is more room below. The K-line pattern has formed multiple long upper shadows, and there are obvious signs of a weakening trend.
Operation suggestions: Big coin: around 103300-103800 k-line, target around 101500; Instrument: around 2490-2510 k-line, target around 2410. Personal suggestions, for reference only $BTC $XRP
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Based on the analysis of the 4-hour candlestick pattern, the current price is exhibiting a wide range of fluctuations within a high-level range. The technical indicators show that the key resistance level above is anchored at the integer level of 1058, while the strong support level below is around 1012. As we approach the weekend trading period, it is crucial to pay attention to the price's breakout direction at the upper resistance level. Once there is an effective breakout, it is expected to trigger a new round of upward trends.
Operational Suggestions:
Buy around the large coin at 1027-1030, target around 1040-1045 $BTC
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Another listed company DDC has launched a Bitcoin strategic reserve, planning to accumulate 5,000 #Bitcoin within three years. As I mentioned before, a structural buying trend has begun to emerge: As companies face a declining consumer environment, all hard asset dividends are fading, and there are no other options; BTC will become that lifeline. It's not that companies chose BTC, but rather that companies have no choice but to choose BTC! $BTC
Recently, the data for BTC spot ETFs continues to show a slight fluctuation trend, without excessive accumulation or reduction in response to changes in BTC prices. Yesterday, there was again a small net inflow, with BlackRock's investors buying 2,250 BTC and Fidelity also purchasing nearly 350. This indicates that most investors are still in a wait-and-see state.
Thursday Evening Silk Road In the afternoon, the cryptocurrency market weakened, with Bitcoin and Ethereum continuing their downward trend. As of midday, the price of Bitcoin remained under pressure, hitting a low of 101,700; Ethereum also dipped, reaching an intraday low of 2,515, with significant volatility.
From a technical indicator perspective, the daily MACD indicator for Bitcoin has formed a death cross. Although the green momentum bars have narrowed, the RSI indicator has rapidly fallen to the edge of the oversold zone, indicating a potential short-term technical rebound window. However, the overall trend remains under bearish dominance, and the strength of any rebound is yet to be observed. On the 4-hour cycle chart, the price continues to run below the middle Bollinger Band, and a top formation has emerged, further exacerbating the short-term pullback risk. Pay attention to the breakout situation of the support level and maintain a cautious operational strategy.
Operational Suggestions: For Bitcoin, consider shorting around 103,500-104,300, with a target near 100,000; if it breaks, look towards 98,000. For Ethereum, consider shorting around 2,570-2,620, with a target near 2,480.
Precise control, maximum rhythm, three single Luo with 8800 oil $BTC
锦琦777
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Short position exited, rushing into long position, 500 points, 2400 oil and Lott Hesitation is a sign of missing opportunities, act decisively and reap the rewards! $BTC
Short position exited, rushing into long position, 500 points, 2400 oil and Lott Hesitation is a sign of missing opportunities, act decisively and reap the rewards! $BTC
锦琦777
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The back and forth of long and short positions is very smooth~Again it is 3200 oil and $BTC