12.8 Weekly K update, can the market realize good news in advance before the interest rate cut arrives? Analysis of Bitcoin's intraday market and operational strategy.

CN
孟晓瀚
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5 days ago

After the weekend's volatile adjustment, Bitcoin quickly rebounded after hitting the 87600 line. Currently, after the weekly K update, the price has once again moved to around 91000. From the weekly K perspective, the price is operating near the MA5 daily moving average, and both MACD and KDJ are still running below the waterline. The MA5 and 10-day moving averages maintain a downward resonance. However, looking at the 2-day and 3-day lines, the short-term trend leans towards a slight upward fluctuation. This Thursday morning, the Federal Reserve is expected to announce a 25 basis point rate cut, which is almost a certainty. Therefore, the current focus needs to be on the breakthrough of the key resistance above. The key resistance for Bitcoin is referenced at the 94000-97500 line, which is also the current area of concentrated selling. Only by stabilizing the daily trend can the rebound space be opened. Conversely, if this week, even positive news cannot effectively stabilize the 94000-97500 line, then the weekly K trend will continue to show a downward sentiment.

From the daily level, the overall BOLL band is continuously narrowing, and the MA30 and 60-day moving averages remain under pressure. Although the short-term MACD and KDJ indicators show a slight rebound sentiment, the market's inflow and outflow lead to frequent long and short battles. Combining with the 12-hour line, Bitcoin is currently relying on the MA30 daily moving average for a slight upward resonance, and the price is expected to test the key resistance at the 94000-97500 line again.

On the 4-hour chart, the current K-line shows a long-short arrangement. Although the MACD and KDJ indicators show a slight bullish trend, the upper BOLL band is slightly under pressure, and the MA30 daily moving average continues to flatten, intensifying the trend towards a volatile adjustment. Looking at the hourly line, the intraday trend leans towards a slight upward fluctuation, with the current short-term high point resistance referenced at the 91800-94000 line. If it stabilizes effectively, it could rise to the 97500 line. The low point support is referenced at the 90000-88000 line. Therefore, for the intraday trend, my personal view is to maintain a short-term wave strategy, first aiming high and then low.

Operation strategy: Range 91700-92300, target: 90500-89500, stop loss: 92800

For the long position reference: 90000-89000 line, with resistance above.

Ethereum's short-term trend is basically in sync with Bitcoin. After the weekly K update, the market is leaning towards a volatile adjustment, with the current key resistance at the 3150-3240 line and low point support at the 3050-2980 line. For the intraday trend, my personal view is still to maintain a short-term wave strategy, first aiming high and then low.

Operation strategy: Range 3140-3170, target: 3080-3050, stop loss: 3190

For the long position reference at 3070-3040 line, target: 3140-3170.

The current trend is expected to be sufficient, and I will continue to follow up.
Personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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