Originally, it was thought that the cryptocurrency market would continue its calm trend on Saturday, but unexpectedly, the night trading took a dramatic turn. The price of Bitcoin quickly fell from $103,900 to around $101,000, while Ethereum also plummeted from a high of $2,450 to $2,216, with the intense volatility being shocking. The main reason for this is likely the sharp rise in geopolitical risks in the Middle East— the situation between Iran and Israel continues to deteriorate, driving gold prices to soar, and the market's risk-averse sentiment is at an all-time high, resulting in a large amount of capital fleeing from crypto assets, with major funds accelerating their flow into traditional safe-haven markets, leading to a significant rise in the cryptocurrency fear index.
From a technical analysis perspective, the daily chart of Bitcoin shows a continuous bearish pattern, and there are currently no signs of a bullish reversal in the short term. The MACD energy bars continue to expand, visually reflecting the dominance of the bears. On the four-hour level, the Bollinger Bands are continuously widening, with the price breaking below the lower band indicating overselling, showing strong downward momentum; the one-hour candlestick pattern also presents a step-like declining structure. Based on the analysis of multiple timeframes, it is expected that the market will continue to maintain a downward trend, and it is recommended to adopt a cautious bearish approach in operations.
Bitcoin 101,500 - 102,000 near watch for long, target around 100,500 Ethereum near 2,300 watch for long, target around 2,200
In the past few days, the market has shifted from a narrowing range to yesterday's sharp fluctuations with both bullish and bearish spikes, indicating that market volatility is intensifying and is about to seek a significant breakthrough direction.
From the current trend of Bitcoin, its brief halt in decline may only be the calm before the storm, and it is highly likely that a new round of deep correction will begin. If it breaks below the $100,000 mark, this price level may turn from a support level to a resistance level, and the price could accelerate downwards to the $98,000 or even $95,000 range, where there is a lack of effective buying support. Once a downward channel is opened, the price may experience a sharp decline.
Even if there are expectations for a rebound in the medium to long term, it is unlikely to see a one-sided surge; the market will likely continue to maintain a pattern of oscillating to find the bottom.
Recently, the market has been significantly affected by the escalation of geopolitical tensions in the Middle East, leading to sharp fluctuations in the prices of Bitcoin and Ethereum. On Friday, the market saw a notable drop, but ultimately rebounded strongly to reclaim the $103,000 level, forming a key support level in a tug-of-war situation. The current market is at a critical decision point; if it effectively breaks below the $103,000 threshold, bears may dominate the market, driving prices further toward the psychological level of $100,000. Conversely, if this support level is confirmed as a trap for short positions, bulls are expected to regain momentum, targeting the previous high resistance level of $106,800. Given the high uncertainty of news over the weekend, investors are advised to remain cautious and wait for directional guidance after the market opens on Monday, and then formulate trading strategies based on actual trends.
Buy Bitcoin around $104,800, with a stop loss at $105,500 and a target of $102,000.
Our success is not a result of "blindly following trends," but rather wise decisions made based on a thorough understanding of market dynamics and grasping the pulse of trends! #波段交易策略
Big Cake Aunty has not seen significant fluctuations after a spike in needle trading in the early morning, and the current trend is stabilizing, with prices oscillating within a relatively narrow range. From the perspective of market cycles, after experiencing severe fluctuations in a bear market, this kind of consolidation is a normal stage of market recovery. Currently, from the observation of four-hour K-line technical indicators, the Bollinger Bands are showing a gradual expansion trend. According to conventional market rules, this round of oscillation may be nearing its end, and we can expect an upward trend to follow. However, given the high uncertainty and risk in the cryptocurrency market, even with clear bullish expectations, it is still necessary to carefully assess operations, especially to precisely control the entry timing and guard against potential market risks.
In the afternoon layout, we continue the morning strategy and remain cautious.
Big Cake around 103000, short-term target 104000. Second Cake around 2400, short-term target 2500.
From the observation of the 4-hour candlestick pattern, the Bitcoin price quickly rebounded after touching the lower Bollinger Band support, with two consecutive solid bearish candlesticks successfully recovering the key position of the middle Bollinger Band. In the short term, the market structure has shifted from a one-sided upward trend to a slightly strong oscillation pattern, with the market showing characteristics of repeated tug-of-war. However, as a normal pullback in an upward trend, the price has not effectively broken below the key support level. Given that market activity usually decreases over the weekend, it is expected that the intraday market may maintain a range-bound oscillation with relatively limited volatility.
Operational Suggestion: Bitcoin around 103000 can be watched for the 105000 range.
What strength do I need to elaborate on! Only by grasping opportunities can one win the market; hesitation will only lead to regression! Brothers who have already followed can proceed, sleep well, good night.
On the daily level, the long lower shadow formed during the previous downward movement acts like a solid defense line, providing strong support for the price. However, on the 4-hour timeframe, the key resistance level of 106500 has become a "copper wall and iron wall" for the bulls, with multiple attempts to break through ending in failure. Currently, the bears hold the dominant position in the market, and the suppression is evident.
Technical indicators reveal further insights; although a golden cross has appeared in the MACD on the 4-hour level, the growth of the energy bars is slow, indicating that the bullish power is still in a consolidation phase, making it difficult to form an effective breakout in the short term. It is expected that Bitcoin will continue to oscillate within a range in the short term, with both bulls and bears engaged in a tug-of-war around key levels. Based on this, the trading strategy for tonight suggests focusing on short positions at high points.
Specific operational advice: Consider placing short orders when the Bitcoin price rebounds to around 106500, targeting a price level near 103700. However, it should be noted that the cryptocurrency market is extremely high-risk, and the above analysis is for reference only. Please ensure proper fund management and risk control.
How about the big pancake and the concubine, have they stood up? Let's continue to look at the target position!
In the face of absolute precision, everything else can take a back seat. A day or two can be said to be luck, but long-term stable performance is true strength!
In the past two days, the BTC price has been hovering in a narrow range between 103500 and 106000, with trading volume remaining low. Especially on this special Friday, market sentiment is at a crossroads, and a directional decision may come at any moment.
From the perspective of liquidity distribution, there is a clear accumulation of funds above 105800 and below 103000. Based on the current trend assessment, it is highly likely that there will be liquidity concentration liquidation from both bulls and bears in the short term. In such a market, whether going long or short carries risks, making it more suitable to adopt a range-bound trading strategy.
Enter long in the 103500-104000 range, target 105800-106700
Enter long in the 2460-2490 range, target 2560-2600