🔥🔥Emergency reminder: Bulls are running at the end of their rope, and Bitcoin adjustment is imperative!
Core viewpoints at a glance:
Bitcoin dynamics: Bitcoin briefly touched the 65 mark and then quickly fell back, and the short-term trend accurately verified the prediction! When market sentiment is high, adjustments are quietly brewing and should not be underestimated.
Strategy wisdom sharing: The market is bullish and bearish. As a shrewd participant, you need to develop a keen eye, lay out defenses on the way up, and decisively avoid risks when they emerge to avoid becoming a vassal of market fluctuations.
In-depth analysis of the technical side: The 4-hour MACD indicator shows a dead cross signal, and the price has reached the upper limit of the oscillation range since April. Short-term correction pressure is evident, and the key support level below is locked near 61.8. Pay close attention.
Global market linkage: U.S. stocks closed divergent on Wednesday, with the Dow hitting a new high, but the Nasdaq suffered a heavy drop of more than 500 points. Technology stocks such as Nvidia are facing a sell-off, and the market is focused on US stock earnings and the Fed's interest rate cut expectations. The Fed's latest Beige Book reveals that the economy is growing moderately and inflationary pressures have eased.
