Currently, Bitcoin is facing pressure near the middle track, with short-term upward momentum appearing weak. Overall, it remains in a technical rebound phase within a bearish trend. If it fails to effectively break through the resistance above 106,000, it is likely that the market will continue to fluctuate and weaken. The MACD remains in a death cross state, with green bars continuing, indicating that the overall bearish trend has not changed. However, the low-level golden cross signal suggests there may be a possibility of a short-term rebound. Despite signs of a short-term rebound, it is still recommended to maintain a bearish outlook and consider positioning at highs.
Bitcoin near 106000 🈳, looking down to 104000$BTC $ETH $SOL
The market fluctuated wildly in the early morning, with a significant correction following a technical rebound, and the bears led to panic selling.
BTC fell sharply, hitting a temporary low of 102,600 this morning. Bearish sentiment continues to spread, and the bearish mood has been fully released. However, from a technical perspective, after digesting the impact of news, the market will eventually return to a rational trend. After this round of deep correction has been fully released, it is recommended to appropriately position 🈳 to seize the opportunities brought by the recovery.
Bitcoin at 104,500, looking at 102,000$BTC $ETH $SOL
Currently, the overall trend of Bitcoin is in a fluctuating downward state. In the short term, there is some demand for a rebound, but it still lacks obvious upward momentum continuation. The overall pattern is typically that of a blunt head. It has now fallen below the middle band of the Bollinger Bands and is stabilizing near the lower band, with short-term bearish momentum gradually gaining the upper hand. The K-line has continuously closed in the red, showing weak rebound strength and insufficient bullish confidence. In the short term, it is highly likely to continue the downward trend. The overall bearish pattern is established, and it is recommended to primarily adopt a strategy of shorting on rebounds.
Bitcoin is still around 109200, looking at 107000$BTC $ETH $SOL .
The pancake has started to shrink and fluctuate, and there are no major movements expected during the day session. The CPI will be announced at 8:30 PM, and a spike is inevitable.
If the daytime trend is slow, then clear your positions before 8 PM and wait for the CPI announcement to consider entering again!$BTC $ETH $SOL
Currently starting to oscillate downwards. From the 1-hour K-line of Bitcoin, the price of Bitcoin could not break through after reaching the upper Bollinger Band and has started to move downwards. It is now above the middle Bollinger Band, with the trend going down. The KDJ three lines have also started to move downwards. Overall, it appears to be retracing downwards, and after entering the overbought zone, the KDJ shows signs of value oscillation and stagnation. The bearish force is accelerating accumulation in the short term, and the market faces a strong need for correction. Bitcoin 109800🈳, looking down at 108000$BTC $ETH $SOL
Yesterday, the big coin had a large bullish candle, breaking through the previous range of fluctuations, and after reaching around 110600, it started to pull back. Currently, although it is still in a bullish trend, there are signs of weakening upward momentum, entering an adjustment phase.
Short near 110000 for the big coin, looking down to 108000 $BTC $ETH $SOL
The weekend big pie continues to fluctuate at a high position, rising early before falling back. From a technical perspective, the big pie entered a fluctuation after touching the upper rail of the rebound channel, suppressing the bullish momentum and pushing the indicators to repair. From the daily level, the big pie closed with a 'type of doji star bullish column' after three consecutive bullish candles, facing resistance near the 20-day moving average at around 106500. The four-hour indicators are slightly bearish, and intraday, one can layout short positions near the resistance level! Continue to position for high short layouts!
From the current market analysis of the daily chart, the Bollinger Bands are in an open parallel position, and the daily level has recently formed a double bottom. The overall market still shows range-bound movement over the weekend. Compared to previous Saturdays, today's performance is relatively outstanding. Although there was a spike last night, it fell back and closed lower at midnight, lacking sustained momentum. On the four-hour chart, there is a repeated dip and rebound, with a solid low point that has slightly moved up, but the resistance at the high point remains strong and unbroken, with no breakthrough in the short-term space. The morning strategy maintains a range-bound approach, mainly focusing on shorting on rebounds. Bitcoin around 105800 🈳, looking down at 103500$BTC $ETH $SOL
This week overall is a rhythm of rising and falling, and Pan has repeatedly grasped the opportunity to profit from the market. It was previously mentioned that a phase peak was reached, and the recent trend is mainly a correction. Looking back at the early morning, the market exhibited a range-bound fluctuation, followed by a pullback.
Currently, the four-hour chart shows the market hovering around the middle Bollinger band, continuously applying pressure, with downward space gradually opening up, dominated by bears. On the hourly chart, the three bands are gradually narrowing, brewing a breakout, with a focus on high short strategies for the morning.
The market is around 105200 near the large pie, looking at 103000.