I. Review of Yesterday's Market and Current Status

  1. Yesterday's Trend:

    • BTC quickly retraced from the high of 108,353 yesterday, with a minimum of 103,137, forming a long bearish candlestick.

    • In the process of decline, it broke through the key support level MA30 (106,702), with bearish sentiment dominating the market.

  2. Current Status:

    • The 4-hour chart shows: the price has broken below the MA100 support line (102,299), with strong short-term downward momentum.

    • The short-term moving average MA7 (short-term trend indicator) has formed a death cross with MA30, further confirming the bearish trend.

    • Market Sentiment: Clear selling pressure, bullish strength is weak.

II. Technical Indicator Analysis

  1. Moving Average System:

    • MA7 and MA30: Death cross pattern is clear, short-term trend is bearish.

    • MA100 has been effectively broken, indicating that the market may further correct and test the lower support levels.

  2. Bollinger Band Channel:

    • BTC is currently operating near the lower Bollinger Band, indicating short-term oversold conditions, which may lead to a short-term rebound demand.

    • Upper Band Resistance Level: around 103,000.

    • Lower Band Support Level: 98,500-99,000.

  3. MACD Indicator:

    • The MACD histogram continues to expand, with bearish momentum dominating; the DIF line and DEA line are further expanding below the zero axis, indicating that the downward trend has not yet ended.

  4. KDJ Indicator:

    • The KDJ indicator has entered the oversold zone but has not yet formed a golden cross, indicating that the possibility of a rebound is low.

  5. Volume Analysis:

    • Yesterday's trading volume significantly increased, with bears dominating; today we need to pay attention to whether the trading volume can continue to expand.

III. Support and Resistance Levels

  • First Support Level: 98,500 (short-term psychological support)

  • Second Support Level: 96,800 (previous low support)

  • First Resistance Level: 102,300 (MA100 resistance level)

  • Second Resistance Level: 103,900 (important level broken yesterday, strong resistance area)

IV. Operational Suggestions

Short Position Strategy:

  1. Entry Range: 101,800-102,300 (near MA100 resistance)

  2. Target Levels: First target 99,500; Second target 98,500

  3. Stop Loss Level: 103,000

  4. Reason: Clear bearish trend, price rebounding near MA100 is a good entry point for short positions, continue to decline after breaking down.

Long Position Strategy

Entry Range: 98,500-99,000

  1. Target Levels: First target 101,000; Second target 102,000

  2. Stop Loss Level: 97,800

  3. Reason: Bollinger Band lower support, oversold area may trigger a short-term rebound, but be aware that the strength may be weak.

Risk Warning:

If the price strongly breaks through 103,900, be wary of the risk of a market reversal.

The market is volatile; operate with light positions and pay attention to changes in trading volume to avoid chasing highs and selling lows.

Don't be blinded by short-term fluctuations; Tang teaches you to lock in targets, advance step by step, and witness the explosion of wealth with a smile! Follow Tang, and he will lead you from confusion to freedom!
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