Based on the analysis of the 4-hour candlestick pattern, the current price is exhibiting a wide range of fluctuations within a high-level range. The technical indicators show that the key resistance level above is anchored at the integer level of 1058, while the strong support level below is around 1012. As we approach the weekend trading period, it is crucial to pay attention to the price's breakout direction at the upper resistance level. Once there is an effective breakout, it is expected to trigger a new round of upward trends.
Operational Suggestions:
Buy around the large coin at 1027-1030, target around 1040-1045 $BTC
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Another listed company DDC has launched a Bitcoin strategic reserve, planning to accumulate 5,000 #Bitcoin within three years. As I mentioned before, a structural buying trend has begun to emerge: As companies face a declining consumer environment, all hard asset dividends are fading, and there are no other options; BTC will become that lifeline. It's not that companies chose BTC, but rather that companies have no choice but to choose BTC! $BTC
Recently, the data for BTC spot ETFs continues to show a slight fluctuation trend, without excessive accumulation or reduction in response to changes in BTC prices. Yesterday, there was again a small net inflow, with BlackRock's investors buying 2,250 BTC and Fidelity also purchasing nearly 350. This indicates that most investors are still in a wait-and-see state.
Thursday Evening Silk Road In the afternoon, the cryptocurrency market weakened, with Bitcoin and Ethereum continuing their downward trend. As of midday, the price of Bitcoin remained under pressure, hitting a low of 101,700; Ethereum also dipped, reaching an intraday low of 2,515, with significant volatility.
From a technical indicator perspective, the daily MACD indicator for Bitcoin has formed a death cross. Although the green momentum bars have narrowed, the RSI indicator has rapidly fallen to the edge of the oversold zone, indicating a potential short-term technical rebound window. However, the overall trend remains under bearish dominance, and the strength of any rebound is yet to be observed. On the 4-hour cycle chart, the price continues to run below the middle Bollinger Band, and a top formation has emerged, further exacerbating the short-term pullback risk. Pay attention to the breakout situation of the support level and maintain a cautious operational strategy.
Operational Suggestions: For Bitcoin, consider shorting around 103,500-104,300, with a target near 100,000; if it breaks, look towards 98,000. For Ethereum, consider shorting around 2,570-2,620, with a target near 2,480.
Precise control, maximum rhythm, three single Luo with 8800 oil $BTC
锦琦777
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Short position exited, rushing into long position, 500 points, 2400 oil and Lott Hesitation is a sign of missing opportunities, act decisively and reap the rewards! $BTC
Short position exited, rushing into long position, 500 points, 2400 oil and Lott Hesitation is a sign of missing opportunities, act decisively and reap the rewards! $BTC
锦琦777
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The back and forth of long and short positions is very smooth~Again it is 3200 oil and $BTC
Thursday Evening Silk Road In the afternoon, the cryptocurrency market weakened, with Bitcoin and Ethereum continuing their downward trend. As of midday, the price of Bitcoin remained under pressure, hitting a low of 101,700; Ethereum also dipped, reaching an intraday low of 2,515, with significant volatility.
From a technical indicator perspective, the daily MACD indicator for Bitcoin has formed a death cross. Although the green momentum bars have narrowed, the RSI indicator has rapidly fallen to the edge of the oversold zone, indicating a potential short-term technical rebound window. However, the overall trend remains under bearish dominance, and the strength of any rebound is yet to be observed. On the 4-hour cycle chart, the price continues to run below the middle Bollinger Band, and a top formation has emerged, further exacerbating the short-term pullback risk. Pay attention to the breakout situation of the support level and maintain a cautious operational strategy.
Operational Suggestions: For Bitcoin, consider shorting around 103,500-104,300, with a target near 100,000; if it breaks, look towards 98,000. For Ethereum, consider shorting around 2,570-2,620, with a target near 2,480.
In recent days, the market has been volatile, are you also at a loss? When the inexperienced investors hesitate, it's the best time for you to enter the market. Capture 900 points! $BTC
Early morning analysis is precise, and the big pancake Ethereum reaps a lot at the same time! $BTC $ETH
锦琦777
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Thursday Midnight Silk Road:
From the current market perspective, yesterday's price movement faced downward pressure after which there was a V-shaped recovery in the early morning, with Bitcoin testing the resistance level at 105000, while Ethereum broke its recent high again. However, the high position in the evening did not stabilize, showing a sideways trend, influenced by the U.S. stock market's high opening and subsequent decline, leading to a pullback. Nevertheless, there is a clear bottoming pattern with significant support at the bottom, and multiple lower shadows have not broken through, indicating that subsequent upward movement is just a matter of time.
On the four-hour level, the Bollinger Bands have narrowed and are moving sideways, with the price operating in the upper-middle band. The middle band support is solid, and although bears are dominant, bulls still have the capability to recover. The short-term trend continues to show a range-bound pattern, and attention can be paid to the bulls' recovery situation in the early morning. In terms of operation, it is advisable to maintain long positions at the middle band support level.
Operational Suggestions: Bitcoin: 102800-103200 range, target 104300-104500 range Ethereum: 2550-2570 range, target 2650-2700 range $BTC $ETH
From the current market perspective, yesterday's price movement faced downward pressure after which there was a V-shaped recovery in the early morning, with Bitcoin testing the resistance level at 105000, while Ethereum broke its recent high again. However, the high position in the evening did not stabilize, showing a sideways trend, influenced by the U.S. stock market's high opening and subsequent decline, leading to a pullback. Nevertheless, there is a clear bottoming pattern with significant support at the bottom, and multiple lower shadows have not broken through, indicating that subsequent upward movement is just a matter of time.
On the four-hour level, the Bollinger Bands have narrowed and are moving sideways, with the price operating in the upper-middle band. The middle band support is solid, and although bears are dominant, bulls still have the capability to recover. The short-term trend continues to show a range-bound pattern, and attention can be paid to the bulls' recovery situation in the early morning. In terms of operation, it is advisable to maintain long positions at the middle band support level.
Operational Suggestions: Bitcoin: 102800-103200 range, target 104300-104500 range Ethereum: 2550-2570 range, target 2650-2700 range $BTC $ETH
Recently, prices have been oscillating around the middle band of the Bollinger Bands, with a relatively balanced force between bulls and bears, but short-term market sentiment is leaning towards caution. In the candlestick patterns, doji and spinning top indicate market hesitation, while the dark cloud cover at high levels forms a bearish signal, and the morning star at low levels indicates the possibility of a rebound. The KDJ indicator shows that the K and D lines are hovering at low levels, the J line shows signs of being oversold, and overbought conditions have appeared at high levels, suggesting a risk of correction. The MACD red bars have shortened, indicating weakening momentum, with the fast line approaching the slow line, suggesting short-term fluctuation. In the BOLL indicator, the upper band expansion shows potential for an upward trend, but the price needs to return above the middle band to confirm a trend reversal.
In terms of operation, it is recommended that investors remain cautious and closely monitor the support level of 102000 and the resistance level of 105000. A light position can be attempted for short-term rebounds near the support level, with stop-loss settings. If the price effectively rebounds and recovers above the middle band of the Bollinger Bands, positions can be increased; if it breaks below the key support, decisive stop-loss and wait-and-see actions should be taken. At the same time, pay attention to KDJ pullback signals, looking for opportunities to re-enter near the lower band of the Bollinger Bands, focusing on flexible operations as the main strategy, with short-term strategies as a supplement. $BTC $ETH