This round of correction is nearing a phase top. 105000 has formed a significant resistance level, and multiple attempts to rally have failed to stabilize effectively, with heavy selling pressure above.
Currently, bearish forces dominate, and the short-term downward trend is becoming clearer.
At present, continue to hold short positions. The focus going forward will be on the breakthrough situation at 103600; a breakdown will further open up downward space!
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The estimated short-term high point is in the range of 2480-2500. This area was previously a strong support level and has now turned into a resistance line, exerting considerable pressure.
Therefore, a direct breakthrough is basically unlikely. When the price reaches this position, it is highly likely that there will be a pullback.
BTC is temporarily affected by news, causing the price to accelerate downward, resulting in a one-sided waterfall.
Currently, it is a small-scale rebound market, and the probability of a direct V-shaped reversal is very low. After the small-scale pullback, it is highly likely that it will need to retest downward, as generally, after a significant drop, there will be a second test.
Next, pay attention to the upper resistance lines of 103500 and 104000. If it can't break through or stabilize, then short positions can be considered.
At the 10,000 level, there will inevitably be a bottoming phase, even the strongest market conditions require a pullback for correction.
Currently, this is just a small-scale rebound, and the possibility of a direct V-shaped recovery is low. Wait for the adjustment to be in place before continuing to consider short positions! $BTC
Current form and trend of BTC, the 4-hour K-line forms a fan-shaped structure, with a high probability of a downward breakout.
As the price approaches the 100k mark, the frequency of fluctuations is expected to significantly intensify. It is recommended to layout short positions around 105k and to attempt long positions around 101k, focusing on swing trading.
The demand zone of 102k has already been reached, close the position directly! This is not a bullish outlook; the strategy before placing the order was to make short-term swings. Once the take-profit target is reached, it must be taken. Holding short-term positions as long-term ones will inevitably lead to problems...
If the demand zone of 100k~102k can be broken, I will continue to short. However, the price has just reached the lower edge of the potential zone, and there is no need to bet on it breaking through the demand zone all at once!
The sharp trend of $ETH illustrates the absolute dominance of the bulls.
The familiar rhythm remains, and while a 40-point increase may not be astonishing, it is sufficient to prove that the trend is well within expectations.
In the past week, Ethereum spot ETFs have continued to show a positive inflow trend. Although the daily inflow scale is limited, the capital inflow is stable. This may be a key reason for the recent strong performance of ETH, which has significantly outperformed Bitcoin. #以太坊ETF批准预期
On the daily chart level, the trend is still bullish, and recently it has frequently diverged from BTC's movements.
Additionally, the recent buying volume continues to increase, with tens of thousands of new positions added daily. Previously selling heavily, the whales are now turning to large purchases, which is clearly a sign of supporting the market.
The 4-hour support is around 2595. If the closing price does not break this level, long positions can be entered, with targets looking towards 2650 and 2680.
$BTC 4 The 4-hour and daily charts both show a pullback trend. Before effectively breaking through the daily resistance, the upward resistance remains significant.
Key support below to focus on is 103600 and 103000. If it can stabilize effectively, it may provide a breathing opportunity for bulls.
The upper resistance level at 105500 is a key point for the bulls' second attempt to rise. Only with a successful breakthrough can continuous upward momentum be built up.
Whether the bullish trend can truly return requires close observation this week to see if it can effectively stay above 106500 and form stable support.
Near the range of 105500-106000, short with targets at 104000, 103600, 103000.
Currently, the small level of $BTC has opened a callback, with highs continuously moving down and lows also declining simultaneously.
The strong support level below remains at 105000, as mentioned yesterday. It is important to note that only if the hourly close falls below 104800 and cannot recover, the market is likely to continue downward.
From a daily perspective, the overall trend is still in a rebound. The support layout for long positions still has a high cost-performance ratio.
Near the range of 104800-105000 for buying, with targets at 106300, 107000, and 108200.
No fancy rhetoric, only solid points, a world of difference between strength and luck.
Provided support for long positions at over 105,000 in advance, with a low point dipping to 104,969 before rebounding.
Short positions were just as sharp, calling for entry at the highest point, locking in 105,500 as key support, which quickly retraced upon touching, each step in line with the anticipated rhythm. $BTC
The double top pattern has been established at $BTC , and the recent daily line pressure has halted at 107000, making it an excellent time for short positions!
Patiently wait for a pullback, the short-term target is 105500; if it breaks, further look down to 103600.
After a week of deep correction, many retail investors were forced to exit during the fluctuations. Each pullback often becomes an opportunity for retail investors to cut losses while whales and institutions accumulate.
Last night, after a rebound and hitting a high, the pressure has not yet stabilized. The hourly level support has been broken again, with strong support below at 105000.
If it breaks down with increased volume again, it indicates that this wave of downward movement is not yet over. Only after breaking through 105500 with increased volume and stabilizing, there will be a possibility for a second upward push.
If Bitcoin breaks down below 105000 with increased volume, the target looks towards 103600 and 103000.
If it breaks above 105500 with increased volume, the target looks sequentially towards 106300 and 107000.