Recently, the Bitcoin market trend has attracted attention. From the technical perspective of the 4-hour level, BTC has experienced a certain degree of rebound after the previous decline. However, this rebound momentum does not seem strong, as the upper MA144 and MA169 moving averages are forming a significant resistance, limiting the price's further upward space.
In terms of technical indicators, although the MACD indicator shows short-term bullish signs, the overall trend still leans towards bearish. This contradiction in the technical aspect suggests that the market may be at a critical turning point.
Considering the current market environment, investors need to remain cautious. If the Bitcoin price encounters resistance in the range of $111,000 to $111,700, it could trigger a new round of falls. In this case, the support levels may appear around $109,000, $107,500, or even $105,000.
However, we should also note that the high volatility of the cryptocurrency market means that situations can change at any time. Investors should conduct a comprehensive analysis and judgment that incorporates more market factors, such as the macroeconomic environment, regulatory trends, and the attitudes of institutional investors, before making any trading decisions.
In any case, in this market full of uncertainty, risk management is always the primary consideration. Setting reasonable stop-loss levels, controlling position sizes, and maintaining a calm and rational trading mentality are all important strategies for coping with market fluctuations.
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FallingLeaf
· 21h ago
I don't understand, it just is what it is.
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BearMarketBarber
· 09-03 23:53
Suckers are making a big mistake again!
View OriginalReply0
GasGrillMaster
· 09-02 21:43
Long positions all have to be packed up and taken home.
View OriginalReply0
ShibaSunglasses
· 09-02 21:42
This kind of waveform, those who understand, understand.
View OriginalReply0
AirdropHunterXiao
· 09-02 21:41
Suckers love to analyze, it's better to just take action.
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SchrodingerProfit
· 09-02 21:35
Can the long positions hold up? It feels like the risk is not small.
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AirdropCollector
· 09-02 21:35
Large Investors are fooling retail investors to Cut Loss again.
Recently, the Bitcoin market trend has attracted attention. From the technical perspective of the 4-hour level, BTC has experienced a certain degree of rebound after the previous decline. However, this rebound momentum does not seem strong, as the upper MA144 and MA169 moving averages are forming a significant resistance, limiting the price's further upward space.
In terms of technical indicators, although the MACD indicator shows short-term bullish signs, the overall trend still leans towards bearish. This contradiction in the technical aspect suggests that the market may be at a critical turning point.
Considering the current market environment, investors need to remain cautious. If the Bitcoin price encounters resistance in the range of $111,000 to $111,700, it could trigger a new round of falls. In this case, the support levels may appear around $109,000, $107,500, or even $105,000.
However, we should also note that the high volatility of the cryptocurrency market means that situations can change at any time. Investors should conduct a comprehensive analysis and judgment that incorporates more market factors, such as the macroeconomic environment, regulatory trends, and the attitudes of institutional investors, before making any trading decisions.
In any case, in this market full of uncertainty, risk management is always the primary consideration. Setting reasonable stop-loss levels, controlling position sizes, and maintaining a calm and rational trading mentality are all important strategies for coping with market fluctuations.