The morning market since yesterday's bottom after the price regained the return to the 105,000 mark, is currently in the stage of shock consolidation, the current line after the lowest step back to 104,500 to stop falling out of a certain rebound strength. Although the interest rate was not cut in the early morning, Lao Bao also said that the economy is not bad, and the two interest rate cuts in the dot plot are not expected to be reduced, which also eases the sentiment of the market bears. Yesterday's market was not too much boasting, long and short back and forth shock washing, our current price list is also timely reminder sharing, it can be said that seeing is earning.
From the four-hour chart, the current operating range is showing a fluctuating consolidation trend in the lower Bollinger Band area. During the repeated testing of the key support level at 103000, this price level has demonstrated strong resistance to falling, with multiple dips failing to form an effective breakthrough, highlighting the strong resilience of the support level. Although the market is currently filled with strong bearish sentiment, combined with the rebound strength after the price hit the bottom and the solid performance of the key support level, it is not difficult to find that bullish forces are quietly accumulating at low levels. From the dynamic evolution of technical indicators and the potential shift in market sentiment, blindly following the trend to short positions is obviously not a wise choice. The repeated attempts of Bitcoin price around the 103000 level have all failed, which fully demonstrates the strong buying power below, forming a solid bottom support. This situation often indicates that the market is about to welcome a directional turn, which may trigger a new round of upward breakthrough at any time. In terms of operation, it is advisable to maintain a bullish outlook.
You can buy Bitcoin at 104000-104500, looking for a rebound near 107500. You can buy Ethereum at 2480-2510, looking for a rebound near 2610. #BTC
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The morning market since yesterday's bottom after the price regained the return to the 105,000 mark, is currently in the stage of shock consolidation, the current line after the lowest step back to 104,500 to stop falling out of a certain rebound strength. Although the interest rate was not cut in the early morning, Lao Bao also said that the economy is not bad, and the two interest rate cuts in the dot plot are not expected to be reduced, which also eases the sentiment of the market bears. Yesterday's market was not too much boasting, long and short back and forth shock washing, our current price list is also timely reminder sharing, it can be said that seeing is earning.
From the four-hour chart, the current operating range is showing a fluctuating consolidation trend in the lower Bollinger Band area. During the repeated testing of the key support level at 103000, this price level has demonstrated strong resistance to falling, with multiple dips failing to form an effective breakthrough, highlighting the strong resilience of the support level. Although the market is currently filled with strong bearish sentiment, combined with the rebound strength after the price hit the bottom and the solid performance of the key support level, it is not difficult to find that bullish forces are quietly accumulating at low levels.
From the dynamic evolution of technical indicators and the potential shift in market sentiment, blindly following the trend to short positions is obviously not a wise choice. The repeated attempts of Bitcoin price around the 103000 level have all failed, which fully demonstrates the strong buying power below, forming a solid bottom support. This situation often indicates that the market is about to welcome a directional turn, which may trigger a new round of upward breakthrough at any time. In terms of operation, it is advisable to maintain a bullish outlook.
You can buy Bitcoin at 104000-104500, looking for a rebound near 107500. You can buy Ethereum at 2480-2510, looking for a rebound near 2610. #BTC