The interest rate decision remained unchanged for the fourth time, which did not cause significant disturbance to the shipping market. After the shipping market fell back to the 103400 line for the second time, it did not continue to drop further.
Bitcoin continued to decline and then rebounded, with prices rising in a stepwise manner. The rebound rhythm is gentle, market sentiment is gradually recovering, and the possibility of breaking through short-term resistance has increased. After encountering resistance in the short term, there was a slight pullback, with the selling pressure from short positions weakening. The bulls are gradually taking over, confirming the rebound trend, and there is hope for an accelerated breakthrough of resistance. The morning suggestion is to buy on dips.
Last night, Bitcoin indeed dropped as previously indicated, and then formed a small V-shaped reversal. After falling to the key low of 103300 on the hourly chart, it stabilized thanks to a bullish candlestick pattern.
Now many indicators are simultaneously releasing bullish signals. After experiencing 12 consecutive bearish candles, the hourly chart has started to rebound and correct. In the short term, the rebound trend may continue, and it is estimated that Bitcoin will oscillate upwards from the bottom today.
Big Cake, yesterday fluctuated upwards, with a low of 104400 and a high of 108900. The rebound rhythm is good, and the upward space is also quite nice.
After several days of fluctuation, it began to push upwards at the beginning of the week. The short-term trend is clear, and we just need to watch for a pullback to the lower range. This morning saw a significant retracement, and the current price is around 106800, so pay attention to short-term support.
Today, the price of Bitcoin failed to effectively stabilize at the key level of 106,300, and the market pattern dominated by bears continues. The current price is caught in a range of fluctuations, and the key resistance and support levels have not yet been breached, intensifying the contest between bulls and bears. The market is awaiting clear signals to initiate a unilateral trend.
From the four-hour candlestick perspective, the price has fallen below the middle band of the Bollinger Bands. Although there was a slight rebound, the bullish strength is weak and unable to recover effectively, indicating heavy selling pressure above and a continuation of the downward trend in the short term. The Bollinger Bands are continuing to narrow, and the distance between the upper and lower bands has significantly decreased, suggesting a convergence in market volatility and an impending directional choice. The candlestick patterns frequently show long upper shadows, further confirming that the price encounters strong resistance near the middle band, with overall market sentiment leaning bearish and a clear sign of weakness in the short-term trend.
Operational Suggestions
Bitcoin: Short near 106,000, target around 104,500
The morning market trend meets expectations, with Bitcoin rebounding to 108,398 before being suppressed by bears, dropping to a low of 105,700, and Ethereum falling from a high of 2769 to 2614.
Technically, Bitcoin's MACD shows increasing green bars below the zero line, indicating strengthening bearish momentum, while the RSI around 40 indicates weakness. It is recommended to focus on short positions in the short term and strictly control risks.
After the revision of yesterday's CPI data, the Bitcoin market reached the expected target, yielding good profits. Currently in a downward fluctuation, although there is a possibility of a rebound, the bullish momentum is insufficient. RSI and MACD suggest a rebound, while KDJ being overbought may trigger a pullback; short-term is likely to be volatile.
Key focus on the support level of 107000; if it breaks, look for 106000. The candlestick's doji indicates unclear direction, with previous patterns alternating and insufficient volume; it is recommended to hold a light position and observe.
The bearish sentiment from last night has arrived as expected, with Bitcoin hitting resistance around 110300 and retreating to around 108000 in the early morning. During this time, the bullish rebound was weak. Ethereum also fell from a high of 2879 to 2742. Currently, both are oscillating at low levels.
Bitcoin has broken through a key support level. Although the KDJ has formed a golden cross indicating a potential rebound, the 1-hour candlestick shows a downward oscillation, dominated by bears. Today's suggestion is to short at highs while paying attention to the rebound strength and resistance levels, and manage risks.
Last night, the strategy pancake rebounded to around 110600, as expected, heading south, with precise take profit, reaching the target point! #看懂K线 #加密圆桌讨论 #CPI数据来袭 #山寨币ETF展望 #以太坊生态回暖 $BTC
The large coin has faced a challenging situation with three consecutive bearish candles on the four-hour chart, with fluctuations of only around 1,000 points. Is it going to be a series of small steps down and then small steps up again?
The MACD shows signs of a death cross, indicating a possible pullback, and the volatility range remains to be observed. With the CPI data set to be released tonight, it is expected to trigger significant market movements. For those uncertain about the direction, it is advisable to wait for the data to be released before making decisions.
Operational Suggestions
Large Coin: Consider shorting near 110,600 on a rebound, with a target of 108,500. Use a stop-loss at the new high.
U.S. CPI data is a key variable in the global financial market. Higher-than-expected inflation will strengthen the expectation of the Federal Reserve delaying interest rate cuts, tightening U.S. dollar liquidity and suppressing risk assets; if it meets easing expectations, funds will flow into the cryptocurrency market. The current Bitcoin price is volatile, stemming from the tug-of-war between bulls and bears over 'inflation-monetary policy', with macroeconomic uncertainty exacerbating market fluctuations. #CPI数据来袭 #加密圆桌讨论 #加密市场反弹 #美国CLARITY法案 $BTC
Recently, the cryptocurrency market has experienced significant volatility, with shorts being liquidated. Bitcoin has strongly broken through and reclaimed the 110,000 mark, with an increase of over 10,000 points in just a few days, resulting in a high market sentiment.
Technically, the daily and hourly charts show a bullish arrangement, with good volume support, but there is significant resistance at 115,000 - 120,000, posing a risk of a pullback. In today's morning session, it is recommended to short on rebounds, paying attention to resistance levels, and strictly implementing stop losses and take profits.
Trading Recommendations:
Bitcoin: Targeting near 110,300-110,800, looking down towards 107,500-108,000
Over the weekend, Bitcoin surged to 105,800 before retreating, currently fluctuating around 105,500; Ethereum touched 2,544 USD before dropping, currently fluctuating around 2,500.
From a technical perspective, BTC hit the upper Bollinger Band and faced resistance, falling back to the middle band. The 1-hour K-line shows that both the MACD and KDJ indicators have crossed downwards, with clear bearish signals. It is recommended to focus on shorting in the short term. Trading Suggestions Bitcoin: Short in the range of 105700—106300, target 104000 Ethereum: Short near 2510—2530, target 2400#韩国加密政策 #科技巨头入场稳定币 #非农就业数据来袭 #Metaplanet拟筹资增持比特币 #特朗普马斯克分歧 $BTC
Affected by midnight data impact, the Bitcoin price rebounded weakly after dropping to 100300. The daily chart shows three consecutive bearish candles, with a bearish arrangement of moving averages, and the upward trend has broken down; the four-hour Bollinger Bands are opening downwards, the lower band has been lost, and bearish momentum is strong. The morning suggestion is to follow the trend and short.
Operation Suggestions
Bitcoin range 101800-102400, target looking down to around 100000-100500
Ethereum range 2430-2450, target looking down to around 2330-2360
The main cryptocurrency has pulled back from the 106800 level and is currently fluctuating in the range around 105000. The upper and lower pressure and support levels have not been effectively broken, and the range is narrowing. The MACD is about to form a death cross downwards, and the KDJ curve is still under pressure from the resistance at 106800, indicating a bearish market.
Market Review: The Bitcoin market opened with a rebound in the early session yesterday, followed by a slow downward trend during the day. Although there was a brief rebound in the evening, it failed to sustain the upward momentum, instead initiating a one-sided downward trend.
Technical Analysis: Currently, in the 4-hour chart, the price shows a step-like upward structure, but one must be cautious of the risk signals from technical indicators - the KDJ indicator has formed a death cross, and the downward divergence trend is obvious, confirming that bearish forces still dominate.
Operation Suggestions
Sell Bitcoin near 106000, with a target at around 103500.
Sell Ethereum near 2630, with a target at around 2550.
The 4-hour chart of Bitcoin shows that the price has tested the upper band multiple times and then pulled back under pressure. 107000 is a key short-term resistance level; a breakout is necessary to open up the upside, otherwise, it will maintain a wide range oscillation between 103000-107000. Currently, the moving averages are diverging, and the oscillation pattern is obvious, making it difficult to see a one-sided trend at the beginning of the week. It is recommended to adopt a high sell and low buy strategy, focusing on the breakthrough situation at the boundary of the range and flexibly adjusting operations.
Operational Suggestion
For Bitcoin, it is suggested to look for opportunities in the 104800-105500 range, with a target above at the 107000-106500 range.