According to the current market trend analysis, Bitcoin and Ethereum have significant pullback risks during the midnight period. On the daily level, Bitcoin has formed strong resistance around 955; if it cannot effectively break through, the market may continue its downward trend. Currently, Bitcoin's short-term upward momentum has shown signs of exhaustion after reaching 947 USD, leaving limited space for subsequent rebounds.
Short position near the rebound of Bitcoin around 947-952, targeting 92000.
Ethereum rebound near 1830-1850 🈳, targeting 1780.
The midday trading session has come to an end, and Bitcoin has not shown a one-sided upward trend. After the price surged to the key resistance level of $95,700 in the morning, bearish forces quickly took over, and the price swiftly dropped to around $93,445, finding support at the bottom.
After a brief technical rebound, the bulls failed to effectively sustain the upward momentum, indicating a lack of upward drive. As of now, the Bitcoin price is oscillating narrowly around the $94,500 range, and market trading sentiment is becoming cautious, with a high probability of continuing the sideways consolidation pattern in the short term.
Bitcoin's rebound is around the $95,300-$95,800 range for short positions, looking down to break below $93,000.
For Ethereum, the rebound is around the $1,830-$1,850 range for short positions, looking down to $1,780.
The big pancake has been bearish from 97500 down to 93000, with a lowest point of 93400, not much difference. I have emphasized many times that the rebound is just an opportunity for you to get on board. How many brothers have rooted at #BTC走势分析 ?
I have been bearish on 97500 until now, and currently there is still more than 2000 points of space to continue downwards.
少宇2
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Recently, market prices have continued to fluctuate narrowly around the 96000 line, showing a sideways consolidation pattern. Observing from the daily level, on May 1st, the price forcefully closed with a long bullish candle, forming a significant upward breakout signal. However, in the following trading days, it failed to maintain the upward momentum and instead entered a correction phase, indicating a short-term weakening of bullish strength.
In terms of technical indicators, the MACD indicator on the 4-hour cycle is currently still in the negative area below the zero line, but the dual lines show a clear convergence trend, suggesting that short-term bearish momentum is gradually weakening, and there is a possibility of a technical rebound in the market. In contrast, at the daily level, the MACD indicator continues to operate downward, with the histogram line remaining below the zero line, indicating that the medium to long-term market is still dominated by a downward trend, and the overall price pressure pattern has not been effectively reversed.
For Bitcoin, short positions are suggested around 96300-96800, targeting the second goal at 93000.
For Ethereum, short positions are suggested around 1860-1880, targeting 1800.
In the jungle law of trading, top traders are like hunting masters hidden in the shadows. They understand that a mature trading system is a precise hunting tool, while the stop-loss mechanism is a life-saving talisman; together, they form the foundation of trading.
To achieve gains, one must accurately locate the 'hunting ground'—closely following the main market trends, just like tracking the traces of prey; at the same time, one must keenly sense the cycles of the market and switch tactics according to different stages. In the face of volatile markets, it is akin to hunting a boar charging wildly, suitable for a grid trading strategy to flexibly capture fluctuations; when the trend becomes clear, it is like pursuing a cunning fox, necessitating decisive use of trend breakthrough strategies and aggressive positioning.
The key to hunting is patient ambush, strictly adhering to trading signals, and avoiding blind actions due to market noise. Frequent trading is like shooting randomly at the wind; not only does it waste bullets (capital), but it may also lead to a margin call predicament. Even if one successfully captures the 'prey', failure to lock in profits in time will lead to the regret of profit retracement, while trading costs are like the 'offerings' made to the market, which cannot be overlooked.
After each trade, regardless of success or failure, one must analyze the trading process like a hunter reviewing the hunt, dissecting whether it was a lack of technical skill or a misjudgment of the trend. Learning from experienced trading predecessors, a few months of practical guidance often leads to faster growth than years of solitary exploration.
Always remember: the core of trading is stable survival, not the pursuit of momentary glorious achievements. On the treacherous path of the market, the true victor is one who can retreat unscathed and sustain profits.
Someone asked, is training traders really expensive? The answer might surprise you—the most costly expense is not money.
Some people think that training traders is a 'money-burning game', but the reality is that some can grasp the basics in three months, while others may spend three years still trapped in a quagmire of losses. This disparity has nothing to do with IQ; even math geniuses can be swayed by emotions in the ever-changing market and end up losing. I have seen talented novice traders who can make astonishingly accurate market predictions, yet when they lose 200 yuan, they angrily slam their keyboards, and when they make 500 yuan, they become overconfident and lose their composure. This 'rollercoaster' state dominated by emotions cannot be compensated for, no matter how much capital one has.
What truly 'burns' in training traders is actually time. After experiencing ten losses, can you still maintain calm and reflect on your trades? When your account hits zero three times, do you still have the courage to open a new position? The competition among traders has never been about how high the profit ceiling can be in the short term, but rather how long one can endure during the lows. Lacking this resilience and patience, even mastering numerous trading techniques amounts to nothing more than empty talk.
If you are planning to enter the trading field, it might be worth asking yourself: can you withstand the market's ups and downs over the long three years while maintaining a mindset that does not crumble?
Currently, SOL has a resistance at 149, which presents a certain level of pressure. If this position does not break, we can continue to look down at 140.
Recently, market prices have continued to fluctuate narrowly around the 96000 line, showing a sideways consolidation pattern. Observing from the daily level, on May 1st, the price forcefully closed with a long bullish candle, forming a significant upward breakout signal. However, in the following trading days, it failed to maintain the upward momentum and instead entered a correction phase, indicating a short-term weakening of bullish strength.
In terms of technical indicators, the MACD indicator on the 4-hour cycle is currently still in the negative area below the zero line, but the dual lines show a clear convergence trend, suggesting that short-term bearish momentum is gradually weakening, and there is a possibility of a technical rebound in the market. In contrast, at the daily level, the MACD indicator continues to operate downward, with the histogram line remaining below the zero line, indicating that the medium to long-term market is still dominated by a downward trend, and the overall price pressure pattern has not been effectively reversed.
For Bitcoin, short positions are suggested around 96300-96800, targeting the second goal at 93000.
For Ethereum, short positions are suggested around 1860-1880, targeting 1800.
May 3rd Bitcoin Four-Hour Trend Analysis and Trading Suggestions
From the four-hour technical pattern, Bitcoin is currently exhibiting a clear bearish trend. The MACD indicator has formed a death cross, which is a key signal indicating a significant decline in short-term bullish momentum, with upward price movement lacking sufficient power, and the original upward trend facing a substantial reversal. Meanwhile, the KDJ indicator's three lines are diverging downward in unison, visually reflecting that market bearish sentiment is prevailing, with selling pressure continuing to strengthen, and market participants holding strong bearish expectations.
Considering the characteristics of the market, it is expected that the Bitcoin price will have only limited technical rebound space in the short term, making it difficult to change the overall downward trend. Therefore, it is recommended that traders seize the rebound opportunity and position short on rallies. The specific trading strategy is as follows:
When Bitcoin rebounds to the range of $96,800 - $97,300, one can decisively enter a short position, with a target below at $93,000.
Dear friends, happy May Day holiday! The GDP data released yesterday brought negative impacts, and the market exhibited typical technical volatility characteristics.
The prices of Bitcoin and Ethereum briefly broke the trend line in a small-scale movement, quickly harvesting the stop-loss orders below and then rebounding rapidly, completing a standard short squeeze. The current key resistance level in the market still points to the liquidity accumulation area around 958, which serves as an important pressure point, carrying a large number of trapped positions and profit-taking orders from earlier.
From the perspective of market capital flow, the current price range has accumulated considerable liquidity. If this week we can effectively touch and digest this portion of chips, the subsequent market may welcome a deep correction. Based on this, the intraday trading strategy still focuses on short positions, but strict stop-loss settings are necessary to avoid unnecessary losses due to short-term fluctuations.
Bitcoin rebound: layout short positions in the 953-958 range, with a short-term target at 930 USD; if the price effectively breaks below 930 USD, the target can be further lowered to 918 USD.
Ethereum rebound: layout short positions in the 1820 - 1840 range, with the first target at 1780 USD; if the price successfully breaks through the 1780 USD support, one may consider looking towards a deeper support level at 1720 USD.
Although Bitcoin had a rebound yesterday, it failed to break through the resistance level above, subsequently coming under pressure and falling again, before rebounding once more. Currently, both the resistance above and support below are quite significant.
From the technical analysis at the 4-hour and 1-hour levels, the current market is dominated by bearish forces. Key resistance levels continue to suppress price upward movement, while support levels are repeatedly tested, with multiple technical indicators releasing bearish signals: the Bollinger Bands on both time frames are opening downwards, indicating that the downward momentum is continuously strengthening;
The RSI indicator is in a neutral to weak range in both periods, with no signs of stabilization; in the KDJ indicator, the K value at the 4-hour level has crossed below the D value forming a death cross, while the J value remains in oversold conditions. After the death cross at the 1-hour level, the two lines are diverging rapidly, highlighting a strong bearish control pattern.
Capital flow data shows that the market is experiencing continuous net outflows, while the amount of forced liquidations of short positions has significantly increased, further confirming intensified selling pressure and heightened bearish activity.
Bitcoin rebounded near the 94800-95300 range, looking down to 92000.
Gold rebounded near the 1790-1810 range, looking down to 1700.
This drop is okay, brothers, Bitcoin is over 2000 points, and Ethereum is over 80 points
少宇2
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The big coin has gone through fluctuations and adjustments, and its trend is rather ambiguous. Some viewpoints suggest that its low support level is continuously increasing, but the key resistance level has yet to break through and the high points are gradually decreasing.
Currently, the hourly MACD has produced a golden cross, showing a rebound trend, but there is resistance at 95,500 above.
Looking at the BOLL, it appears to be flattening, indicating that it will still oscillate for a while. Based on the current trend, the possibility of breaking through 95,800 seems unlikely.
The big coin is expected to rebound around the range of 95,300-95,800, with a downward target of 93,500.
The instrument is expected to rebound around the range of 1,830-1,850, with a downward target of 1,780.
The big coin has gone through fluctuations and adjustments, and its trend is rather ambiguous. Some viewpoints suggest that its low support level is continuously increasing, but the key resistance level has yet to break through and the high points are gradually decreasing.
Currently, the hourly MACD has produced a golden cross, showing a rebound trend, but there is resistance at 95,500 above.
Looking at the BOLL, it appears to be flattening, indicating that it will still oscillate for a while. Based on the current trend, the possibility of breaking through 95,800 seems unlikely.
The big coin is expected to rebound around the range of 95,300-95,800, with a downward target of 93,500.
The instrument is expected to rebound around the range of 1,830-1,850, with a downward target of 1,780.