As the global interest rate cut wave begins, is it a good time to buy cryptocurrencies at the bottom?
As countries have begun to cut interest rates, the global monetary easing trend has begun. The Bank of England and the Federal Reserve are expected to follow suit in cutting interest rates in the coming months. This cycle of global liquidity expansion will undoubtedly increase money supply, thereby supporting the rise in safe-haven asset prices, with cryptocurrencies being the first to benefit.
The global interest rate cut trend: the Bank of Canada fired the first shot
On the 5th of this month, the Bank of Canada took the lead in announcing a 0.25% interest rate cut, becoming the first central bank among the G7 industrial countries to take interest rate cut measures. Soon after, on the 6th, the European Central Bank also announced a 0.25% interest rate cut, which was the first interest rate cut by the European Central Bank in nearly five years. Obviously, the wave of interest rate cuts by global central banks has already begun ahead of schedule.
The impact of monetary easing: the spring of safe-haven assets?
In this context, the increase in money supply will have a profound impact on the market. The prices of traditional safe-haven assets such as gold and silver are expected to be supported. However, the cryptocurrency market, especially Bitcoin, will be the biggest beneficiary of this trend. As the global central bank's interest rate cuts gradually unfold, whether Bitcoin will usher in a new round of rising prices has become the focus of investors.
Is it the best time to buy the bottom of Bitcoin?
Interest rate cuts are often accompanied by an increase in liquidity and an increase in risk appetite. In this environment, investors usually seek high-return assets, and cryptocurrencies have become an ideal choice due to their decentralized and risk-averse properties. Is now the best time to buy Bitcoin at a low price? This question is attracting the attention of investors around the world.
Bitcoin (BTC) 4-hour technical analysis: Is the bullish force about to explode?
MACD indicator analysis: potential golden cross signal appears
In the current 4-hour chart, the MACD moving average is running below the 0 axis, and both the DIF line and the DEA line are in the negative area. However, the DIF line is gradually approaching the DEA line, showing a potential golden cross signal. If the DIF line can break through the DEA line, it will mean that the bulls are stronger and the price of Bitcoin is expected to continue to rise.
KDJ indicator analysis: bullish trend prevails
Further observation of the 4-hour KDJ indicator shows that the current K-line value and D-line value are moving upward, while the J-line is far ahead of the other two lines and rising rapidly. The KDJ values are all greater than 50, indicating that the bullish trend is dominant. At present, the K-line value and the D-line value have formed a golden cross, which indicates that the price of Bitcoin may have further room for growth in the short term.
Bollinger Bands indicator observation: market volatility increases
Finally, the Bollinger Band indicator in the 4-hour chart shows that the current price is running between the middle and upper tracks of the Bollinger Band. If the price can break through the middle track, it will indicate that the upward trend will continue. The upper and lower tracks of the Bollinger Band are expanding, indicating an increase in market volatility. The current price is close to the middle track of the Bollinger Band. If it can break through the upper track and stabilize, it will further confirm the bullish trend.
Is Bitcoin about to usher in a new round of rising prices?
From the potential golden cross signal of MACD to the bullish advantage of KDJ indicator, to the increased market volatility of Bollinger Bands, do a series of technical signals suggest that Bitcoin is about to usher in a new round of rising market? This will be a focus that investors should not miss!
Bitcoin (BTC) 1-hour technical analysis: short-term shock or continued upward movement?
Current Market State: Bollinger Bands Analysis
In the 1-hour Bitcoin chart, we can see that the current price is between the middle and upper rails of the Bollinger Bands, close to the upper rail. This shows that the market is relatively strong at present, but if it fails to effectively break through the upper rail for a long time, investors need to pay attention to the resistance of the upper rail.
KDJ indicator: overbought signal and callback risk
Further observation of the 1-hour KDJ indicator shows that the K, D, and J lines are all in the overbought area, and there are signs of turning, and the J line begins to fall. This shows that the market may face the risk of correction or shock in the short term.
MACD indicator: bullish trend and weakening momentum
According to the 1-hour MACD indicator, the DIF line and the DEA line are currently above the 0 axis, and the DIF line is higher than the DEA line, indicating that the current market is still in a bullish trend. However, the MACD red bar chart is gradually shortening, suggesting that the bullish upward momentum is weakening, and we need to be alert to the risk of callbacks.
Comprehensive analysis: the game between short-term fluctuations and medium-term trends
Combining MACD, KDJ and Bollinger Band indicators, Bitcoin may face volatility or a small correction in the short term on the 1-hour chart, but the overall trend is still bullish. The 4-hour chart shows the potential for a rebound, but further observation of the MACD golden cross and the breakthrough of the Bollinger Band middle track (66413) is needed to confirm the stability of the medium-term trend.
Operational suggestions: Pay attention to key points and trend confirmation
Investors are advised to pay close attention to whether the Bitcoin price can continue to stay above the middle track of the Bollinger Band (66364) and the further trend of the MACD indicator. If the KDJ indicator continues to fall and the MACD red column further shortens, be alert to a larger correction.
Recommendations
Long position: When Bitcoin pulls back to the 66,400 level, you can consider going long.
Target price: Target 68100.
Stop loss defense: 66000.
