The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. But 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 fluctuations are not risks; not understanding the trends is the biggest risk.
After Bitcoin surged to 117,000 on Saturday, it began to show signs of weakness, possibly due to institutions gradually starting to reduce their Bitcoin holdings and shifting their focus entirely to altcoins, causing Bitcoin to continue to decline, having dropped 6,000 in two days.
From a technical perspective, the daily chart has recorded three consecutive bearish closes, and the MACD on the four-hour chart has been operating below the zero line in a death cross. The KDJ is also trending downwards, and it is expected that this pullback will break through the 110,000 USD mark. The current trend is still primarily high short and low long.
Long position operation range suggestion: Enter long in batches in the 113,000-113,500 range, targeting 110,000, with a stop-loss at 114,000.
Short position operation range suggestion: If the 110,000 mark is not broken, you can enter short in the 111,000-111,500 range, targeting 113,000-112,000, with a stop-loss at 110,500.
Altcoins broke through new highs again in the early morning, reaching around 4,960. After hitting the peak, a pullback began, and it has now retraced by 300 points. From a technical perspective, the daily chart continues to show a downward trend, the four-hour MACD is in a high death cross state, and the KDJ is also trending downwards. The current trend is still primarily high short and low long.
Long position operation suggestion range: Enter long lightly in the 4,650-4,700 range, targeting 4,500-4,400-4,300. The stop-loss is at 4,750.
Short position operation range suggestion: If it does not break the downward trend at 4,550, you can enter short in the 4,570-4,610 range, targeting 4,700, with a stop-loss at 4,540.
Due to the time-sensitive nature of price points, there may be delays in post reviews; 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 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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