The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.
After the latest Federal Reserve meeting minutes were released, the cryptocurrency market experienced a short-term decline. Bitcoin's price once fell below $113,000, and Ethereum also briefly dropped below $4,100. The market overall showed a certain pattern of fluctuations and corrections, closely related to macro monetary policy expectations and short-term capital flows.
Bitcoin's price is consolidating between $112,000 and $115,000, with recent trading volume shrinking, which limits further downside potential but also indicates a temporary lack of clear direction in the market.
From a technical indicator perspective, the daily MACD is in a death cross state, with bearish momentum clearly dominating. The KDJ is in a neutral state, showing no death cross or golden cross signals. On the four-hour chart, the MACD has remained below the zero line and is in a golden cross state, indicating a possible short-term pullback, while the KDJ is in a neutral state, lacking short-term direction.
Long position operation range suggestion: If the price drops to the $112,000-$112,500 range, consider entering a long position, targeting $114,000-$113,500, with a stop loss at $111,500.
Short position operation range suggestion: If the price retraces to the $114,500-$115,000 range, consider entering a light short position, targeting $113,000-$113,500, with a stop loss at $115,500.
Ethereum has also recently been in a fluctuating trend, oscillating between the support level of $4,050 and the resistance level of $4,350, still affected by the objective reason of the U.S. SEC's regulatory stance on cryptocurrencies (especially ETH staking rewards), which remains a potential uncertainty factor.
From a technical perspective, the daily candlestick reached the middle band of the Bollinger Bands yesterday, showing a downward momentum but was supported by the middle band, leading to a price rebound today. Currently, the MACD is in an overbought zone and in a high-level death cross state. On the four-hour chart, the candlestick is already near the upper band of the Bollinger Bands, and the KDJ is in a severely overbought zone, indicating a possible short-term pullback.
Long position operation range suggestion: Enter a light long position in the $4,075-$4,100 range, targeting $4,230-$4,280, with a stop loss at $4,040.
Short position operation range suggestion: Enter a short position in the high range of $4,300-$4,350, targeting the $4,220-$4,150 range, with a stop loss at $4,380-$4,360.
Due to the time-sensitive nature of price points and the delay in post review, specific operations should still be based on real-time market conditions. The above operation range analysis is for reference only; the cryptocurrency market is highly risky, so please manage your risk and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.
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