The current price of Bitcoin is 95,000. The current half-dead market of Bitcoin is due to poor liquidity and the US is taking a break.
Many people expected it to fall below 90,000. I agreed with them before. Now I change my view. 9,000 cannot be returned. First of all, from the K-line, Bitcoin has the possibility of rebounding from the 0 axis on the daily line. The weekly and daily lines have also repeatedly tested the position of the pin in front, which is 90,500, and then rebounded quickly. The daily line also stepped on the 60-day line and went up. In terms of data, the CB exchange has been buying the bottom of BTC, and the liquidation chart also shows that it took 1.5 billion long positions to be liquidated when it fell to 83,000, and 3.6 billion long positions to be liquidated when it rose to 106,000. The Fed's interest rate cut cycle is still continuing, and there may be three interest rate cuts in 2025.
Having talked about the general direction, let's talk about the small cycle. I have been saying to buy at 92000 because the previous low of 4H and EMA144 169 are at this position, and the bear flag on the hourly line will fall back to this position. At present, we will focus on the 95000-96800 area. It is not easy to make orders in this area. There are reasons for being bearish or bullish. If it breaks through 96800, we can see 99000. Let’s talk about Ethereum. The market share of Bitcoin has decreased, and funds have all gone to Ethereum. When Ethereum was 3300, Bitcoin went to 91500. Ethereum has more bottom-fishing power than Bitcoin. Don’t be stubborn.
Yesterday’s Ripple short-term success, I have promoted many coins before, most of which are profitable. If you are interested, you can follow me. I will occasionally post the points of a coin.
