$BTC In the 4-hour timeframe for Bitcoin, the price is moving at the upper limit of the descending channel, indicating clear downward pressure. The significant drop in the previous trading day has exceeded the consolidation area of the triangle, further confirming the strength of the current downward trend. However, the market has recently formed a "cross star" and "bullish engulfing" pattern, suggesting that the market may enter a short period of hesitation, and the possibility of a recovery upwards to test the resistance level cannot be ruled out. In terms of technical indicators, the MACD still shows the dominance of selling pressure, and downward trends are expected to continue in the short term. General analyses indicate that the market currently maintains a state of weakness and decline, and the main support level around 102600 should be closely monitored, while 104150 represents an important pressure level. If the price cannot return to 104150 and effectively stabilize within the triangle area, the market is expected to continue testing the lows in the evening. Regarding the trading strategy, opening a sell position near 103900 or 104200 can be considered, with a price target ranging from 103200 to 102900, and if the price does not break a new low, a switch to buying can be considered. As for Ethereum, short selling opportunities can be monitored in the range of 2440-2450, with a price target in the range of 2410-2400 to reconsider buying. Please note that the above analysis is for reference only, and strategies should be adjusted.
In the 4-hour timeframe for Bitcoin, the price is moving at the upper limit of the downward channel, indicating clear downward pressure. The significant drop in the previous trading day has surpassed the triangle consolidation area, further confirming the strength of the current downward trend. However, the market has recently formed a 'cross star' and 'bullish engulfing' pattern, suggesting that the market may enter a short period of hesitation, and the possibility of a rebound upwards to test the resistance level cannot be ruled out. In terms of technical indicators, the MACD still shows the dominance of selling power, and downward trends are expected to continue in the short term. General analyses indicate that the market currently maintains a state of weakness and decline, and the main support level around 102600 should be closely monitored, while 104150 represents an important pressure level. If the price cannot return to 104150 and effectively stabilize within the triangle area, the market is expected to continue testing the lows in the evening. As for the trading strategy, a sell position can be considered near 103900 or 104200, with a price target ranging between 103200 and 102900, and if the price does not break a new low, consideration can be given to switching to a buy position. Regarding Ethereum, short selling opportunities can be monitored in the range of 2440-2450, with a price target in the range of 2410-2400 to reconsider buying. Please note that the above analysis is for reference only, and strategies should be adjusted accordingly.
#XSuperApp The WCT token of WalletConnect is currently priced at around $0.33, and this may be an investment point worth monitoring. WCT is not a startup project; it serves as the infrastructure for communication between wallets across the blockchain and plays a crucial role in the Web3 infrastructure. This technology provides important support for managing digital assets through cross-chain wallet communication. In terms of market performance, prices may currently be at a relatively low level, and as the Solana network's integration progresses and the ecosystem expands overall, there will be broader opportunities for developing use cases for WCT. Market analysts expect that as the Web3 industry continues to evolve, technical tokens as an infrastructure layer may see a higher restructuring in valuation, and the price of WCT may reach around $3.3 by the end of the year. For investors monitoring investment opportunities in Web3 infrastructure, the development path of WCT is worth following and continuous study, #WCTToken as it represents an important trend in exploring solutions for blockchain interaction.#