Yesterday, Bitcoin continued to fluctuate in the range of 94700-97200, forming a relatively narrow range of shock and consolidation.
The hourly MACD turned from negative to positive, and the DIF crossed the DEA line, showing signs of rebound in the short term. However, the daily MACD is still in an adjustment state.
Looking at the EMA, the current price of the currency is above EMA7 and EMA30, and the short-term moving average shows a certain support effect. Therefore, it is still treated as a shock and consolidation before breaking this morning. Pay attention to the 94700-95200 line below, and pay attention to the pressure of 96200 and 97200 above.
Currently, the large pancake has seen a slight rebound. Those who are conservative may choose to take profits, while those with a broader perspective can continue to look upwards.
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The pancake's K-line showed a clear upward trend yesterday, rising from around 90800 to near 97200. It then began to show signs of high-level volatility and downward consolidation, failing to reach the previous evening's high point of 97200, creating short-term pressure.
Currently, the MACD is in the positive area, and both the DIF and DEA are diverging upwards, indicating that the market still has some upward momentum, but caution is needed for possible divergence risks.
At the same time, the current RSI is hovering around 70, close to the overbought range, suggesting that there may be a demand for a pullback in the short term.
However, both EMA7 and EMA30 show a bullish arrangement, with strong short-term moving average support. If it pulls back to around EMA95000, we can pay attention to its support strength.
Therefore, pay attention to the breakdown situation at this position this morning; if it doesn't break, the bullish outlook remains unchanged! Watch for the pressure around the previous evening's high of 97200 and near 97900.
The pancake's K-line showed a clear upward trend yesterday, rising from around 90800 to near 97200. It then began to show signs of high-level volatility and downward consolidation, failing to reach the previous evening's high point of 97200, creating short-term pressure.
Currently, the MACD is in the positive area, and both the DIF and DEA are diverging upwards, indicating that the market still has some upward momentum, but caution is needed for possible divergence risks.
At the same time, the current RSI is hovering around 70, close to the overbought range, suggesting that there may be a demand for a pullback in the short term.
However, both EMA7 and EMA30 show a bullish arrangement, with strong short-term moving average support. If it pulls back to around EMA95000, we can pay attention to its support strength.
Therefore, pay attention to the breakdown situation at this position this morning; if it doesn't break, the bullish outlook remains unchanged! Watch for the pressure around the previous evening's high of 97200 and near 97900.
The big pie is currently consolidating above 93000. The resistance level at 93400 mentioned in the morning was slightly broken in the afternoon. This indicates that there is still a demand for a rebound in the short term.
If the big pie continues to fluctuate in the afternoon and does not fall below 93000 again, then we will continue to look bullish towards the 94800—95100 range.
The big pie is currently consolidating above 93000. The resistance level at 93400 mentioned in the morning was slightly broken in the afternoon. This indicates that there is still a demand for a rebound in the short term.
If the big pie continues to fluctuate in the afternoon and does not fall below 93000 again, then we will continue to look bullish towards the 94800—95100 range.
Bitcoin After Trump's Victory: Attempt to Reach 100,000 Faces Resistance and Pullback, Long and Short Factors Intertwined
Since Trump won the U.S. election on November 8, Bitcoin has been making strides towards the 100,000 mark, reaching a high of over 99,500 dollars on November 23, with a cumulative increase of 37.6% over the past month. However, since last weekend, Bitcoin has started showing the clearest pullback since Trump's election, fluctuating downwards from near 99,000 dollars, hitting a low of 90,800 dollars this morning. At the time of writing, it has slightly rebounded and is currently reported at 92,735 dollars.
Although Bitcoin has risen above 90,000 dollars following Trump's victory, long-term holders, with as many as 14 million Bitcoins, have all entered into profit. However, due to the strong purchasing power of Bitcoin spot ETFs, over 90% of the selling pressure has been absorbed, providing crucial support for Bitcoin's price.
Meanwhile, after some profit-taking, long-term holders may continue to wait for higher prices to sell, indicating that the number of Bitcoins in circulation may take some time to increase.
Therefore, although the attempt to reach 100,000 has failed, this is a healthy pullback in a bull market, and the valuation has not yet peaked.
In the past two days, the overall trend of Bitcoin has shown a stepwise decline, although there has been some rebound, the strength of the rebound is limited, the highs are gradually moving down, and the lows are also being refreshed, with a relatively long upper shadow formed yesterday, indicating strong selling pressure above.
Looking at the MACD, it is currently below the zero axis. Although there are signs of a golden cross, the momentum bars remain weak, and the bullish strength in the market seems slightly insufficient.
The coin price is currently above the EMA7 but below the EMA30, leaning towards a rebound in the short term, but medium to long-term pressure is still evident.
Therefore, in the morning, pay attention to the support zone around 91000–90500, and whether the upper level around 93400 can be effectively broken.
Trump's election: Is a major transformation coming for the U.S. cryptocurrency industry?
The voting for the 2024 U.S. presidential election has concluded, and the Trump camp won, which is welcomed by the cryptocurrency industry. This election can be regarded as a 'team-building' event for the crypto industry, with projects, companies, and individual investors actively participating, showing that Trump is accepted by the crypto sector. However, looking back at his first term, the relationship with the crypto industry was completely different. Now, the transition from opposition to support is solely because 'the enemy of my enemy is my friend,' and he has proposed many favorable policies. One, build a strong Bitcoin nation At the Bitcoin conference in June 2024, Trump promised to promote the U.S. as a leader in the Bitcoin space if elected, including establishing a national strategic Bitcoin reserve and creating a strong Bitcoin mining nation. He suggested using Bitcoin seized by federal law enforcement as initial reserve assets, legislating procurement goals to enhance Bitcoin's status; reducing energy taxes for mining companies, providing preferential subsidies, funding hardware research and development, and integrating the green energy revolution. Preliminary plans are already taking shape, such as bills submitted by senators, proposals in state houses, and Texas pilot energy subsidies. This policy has far-reaching implications; while it can enhance Bitcoin's status and U.S. dominance, the centralization of computing power may raise concerns about decentralization.
Yesterday, the big pancake experienced a significant pullback, gradually falling from a high of 98,870 to 92,600, forming multiple bearish candles. Although there has been some rebound currently, the highs and lows are gradually moving downwards, and market sentiment is gradually shifting from bullish to bearish!
Looking at the MACD histogram, it has been persistently negative, but the DIF and DEA are close to the zero axis, which could potentially form a golden cross.
At the same time, the RSI value is hovering around 30, close to the oversold zone, accompanied by some technical rebound demand.
From the perspective of the EMA, EMA7 has been broken, and the current price is below it, indicating a weak short-term trend; EMA30 is at a higher position, further confirming medium to long-term pressure.
Therefore, in terms of operations, pay attention to the short-term rebound positions, which are at EMA30 around 96,100 and 96,500, while the lower levels to watch are the previous low points of 92,800 and 92,000.
Once again, the target position was reached perfectly. The late-session correction continued to be bullish. Pay attention to the 98000-97600 line below.
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Recently, Bitcoin has been in a high-level fluctuation, forming a relatively obvious box consolidation pattern. The daily K line shows multiple long lower shadows, indicating that there is certain buying support below.
At the same time, the MACD histogram on the hourly level has turned positive, and the DIF and DEA are gradually approaching, indicating a short-term rebound trend, but overall it is still in the bearish zone.
Furthermore, the current Bitcoin EMA7 has crossed above EMA30, but EMA120 is still below it, indicating an increase in short-term upward momentum.
Therefore, in terms of operation, it is advisable to aggressively buy in batches on the pullback at the 97000–97300 line, with an upward focus on the 98500–99000 line;
Recently, Bitcoin has been in a high-level fluctuation, forming a relatively obvious box consolidation pattern. The daily K line shows multiple long lower shadows, indicating that there is certain buying support below.
At the same time, the MACD histogram on the hourly level has turned positive, and the DIF and DEA are gradually approaching, indicating a short-term rebound trend, but overall it is still in the bearish zone.
Furthermore, the current Bitcoin EMA7 has crossed above EMA30, but EMA120 is still below it, indicating an increase in short-term upward momentum.
Therefore, in terms of operation, it is advisable to aggressively buy in batches on the pullback at the 97000–97300 line, with an upward focus on the 98500–99000 line;
On Saturday, the price of Bitcoin continued to fluctuate at a high level, with multiple long upper shadows. From the 4-hour cycle, the MACD histogram gradually turned from positive to negative, showing a certain correction pressure, but in the long run, there is still a certain upward momentum.
The current price is hovering around EMA7. In the short term, pay attention to the correction of the double bottom support of 97000 last night. If it falls below this position, it may test the support of EMA30 (95885.4)
On Saturday, the price of Bitcoin continued to fluctuate at a high level, with multiple long upper shadows. From the 4-hour cycle, the MACD histogram gradually turned from positive to negative, showing a certain correction pressure, but in the long run, there is still a certain upward momentum.
The current price is hovering around EMA7. In the short term, pay attention to the correction of the double bottom support of 97000 last night. If it falls below this position, it may test the support of EMA30 (95885.4)
Yesterday, Bitcoin once again deepened its strong trend, rising to above 99000, getting closer to the 100000 mark, which made the K-line show a clear upward trend. Additionally, on the hourly chart, there were multiple occurrences of long lower shadows, indicating strong support below.
However, looking at the hourly chart, although both DIF and DEA are in positive territory, the MACD histogram shows signs of shortening, indicating a weakening momentum and caution against a potential pullback risk.
On the EMA front, the 7-hour EMA is above the 30-hour EMA, showing a strong bullish trend.
Therefore, in terms of operations, the long position for Bitcoin should pay attention to the lower levels of 97300 and 96800 before entering, with upper target positions at 98500 and 99000, and even the significant 100000 mark!
The recent K-line can be said to be rising without looking back and closing positive lines for several consecutive days, especially today's direct rise to around 97900 without any signs of correction, which also shows the strength of Duotou!
In the evening, we first look at the MACD histogram, which is gradually increasing. DIF and DEA diverge upward at the same time, showing a strong bullish signal.
Although RSI is in the overbought area, there is no sign of correction and it may continue to maintain its strength. At the same time, the current currency price is higher than EMA7 and EMA30, showing a bullish arrangement, supporting the upward trend.
In addition, the initial jobless data will be released in the evening. If it is affected again, there is a real chance to test the 10,000 mark in advance, so the operation of the correction can be entered into Duotou.
Last night, the market once again reached a new high, then gradually declined back to the starting point and closed with an upper shadow, indicating that while the overall trend is bullish, there is some selling pressure above.
Looking at the current hourly MACD histogram turning from positive to negative, it indicates that the strength of the market has weakened in the short term and may face retracement pressure. However, the overall trend of the RSI and EMA still leans bullish.
Therefore, this morning's operation should focus on bullish positions in the range of 91000-91300, with attention on the upper range of 92700-93400.
The afternoon strategy was given in advance. The late trading continued to look at the range consolidation. The rebound was perfect and entered Kongdan, and it was successfully won.
In the late trading, we still don’t look too much at the one-sidedness. Look at the breakout situation. If it doesn’t break, just maintain the consolidation! The specific entry into the warehouse shall be subject to Shipan!
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At present, the big cake continues to consolidate sideways, waiting for the triangle area to break and continue. Don't look at one side too much before the break.
The late trading is still carried out according to the high-buy low-buy. In the short term, pay attention to the 92500-92700 line above and the 90000-88700 line below.
At present, the big cake continues to consolidate sideways, waiting for the triangle area to break and continue. Don't look at one side too much before the break.
The late trading is still carried out according to the high-buy low-buy. In the short term, pay attention to the 92500-92700 line above and the 90000-88700 line below.