Hello everyone! A new day, a new opportunity, welcome to today's morning review session, I am your old friend Web3 Beast! First, let's review the recent market dynamics.

On Friday, the price of Bitcoin fell to a low of $40,200, but then rebounded. On the daily chart, the support of the lower track of the Bollinger Bands was evident, triggering a strong rebound of more than 1,500 points. Friday's trading day closed with a medium-sized Yangxian cross star, with long upper and lower shadows, indicating that there are certain differences in the market in the short term.

Entering the weekend, market volatility has significantly weakened, and prices have been trading sideways within the 400-point range, closing in the form of a small cross star for two consecutive days, indicating that buyers and sellers are temporarily in a stalemate.

In the early trading today, the price was suppressed by the previous trend line and fell again. From the perspective of ultra-short-term, the market trend is still weak. But from the overall trend, the price of Bitcoin is currently supported by the lower track of the daily Bollinger Band. In the future, the market may still fluctuate in a large range.

The four-hour Bollinger Band is shrinking and showing a downward trend, seemingly seeking further support. On the daily chart, Friday's price trend has been supported by the lower track of the Bollinger Band and has successfully stabilized and rebounded.

In the short term, we need to focus on support levels on the four-hour and daily charts, as well as areas that have previously supported prices, to find a balance point.

There are several other news levels that Jiaoshou thinks are more important and will further affect the market. Next, Jiaoshou will take his fans to take a look:

There were many bright spots in the market on Friday, with the three major US stock indexes all rising by more than 1%, and the S&P and Dow Jones hitting record highs. The Dow Jones's gain on Friday was the largest in five weeks, successfully reversing the decline of the whole week.

The chip stock index rose 4% and closed at a record high. AMD's performance was particularly outstanding, closing up more than 7%, up nearly 20% for the week. Nvidia also rose more than 4%, up nearly 9% for the week, both of which hit record highs. The Nasdaq 100 and Microsoft also hit record highs for two consecutive days.

After the release of the US consumer's one-year inflation expectations hit a three-year low, the 10-year Treasury yield, which had hit a record high for four consecutive days, gave up some of its gains. At the same time, the yields of two-year German and US bonds rose by more than 20 basis points in a week.

The US dollar index fell from a one-month high after hitting a new daily low, but it still rose for three consecutive weeks. The yen rebounded after hitting a new low in more than seven weeks.

Crude oil prices fell back to a three-week high, but they still rose for the week. U.S. natural gas prices fell by more than 20% in a week. Gold prices rebounded for several consecutive days, but they still fell by more than 1% for the week, the largest weekly drop in six weeks.

London tin ended its seven-day winning streak, but still rose nearly 3% in a week. London copper ended its four-week losing streak. London nickel hit a two-year low, falling for three consecutive weeks.

BTC Market Analysis

From the disk data, we can clearly see that the four-hour MACD has shown an obvious bottom divergence. After the oversold rebound on Friday, the market entered a volatile phase over the weekend, which provided a strong basis for a possible technical reversal. However, after the opening of today's market, the market trend obviously failed to continue this rebound trend, but was beaten back to its original shape. This situation of "not rising when it should rise" often indicates that the market may continue to fall.

On the weekly chart, this week's closing was a negative line, which is a negative line for two consecutive weeks. This signal strongly indicates that the current trend may be coming to an end. Combined with the market trend this week, it is very likely to continue to bottom out. Judging from the current market situation, the probability of falling below a certain key point is very high.

Taking the above factors into consideration, I have reason to believe that the market may experience a period of decline and may fall below the $40,000 mark. Therefore, in short-term operations, we need to pay close attention to market dynamics.

For operation suggestions, we should pay attention to the upper resistance level of 41200-41500, while the lower support level should focus on the 40300/39300-38888 range. Investors should grasp the operation opportunities according to their own risk tolerance and investment strategy.

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