Patience is the key to life! This morning, BTC did not hold above 118500, and the short positions made a strong push to test the support level of 117500. A wave of short orders in the morning also directly captured a profit space of 1000 points. Following that, BTC experienced a surge but did not break through the previous high, indicating another false breakout. It is evident that the current trend is just like this; after BTC reached around 119200, it experienced a slight correction before heading south to around 117400.
Although it is still in a downtrend, it has clearly slowed down after a

In the futures market, there are no enemies; the only opponent is yourself—the illusion of wanting to get rich overnight and the obsession of not being able to accept losses. Looking back at the market in the early morning, BTC fell southward around 18500, and the coin price made a second pullback, hitting a low of around 117300, which once again validated the thoughts I shared earlier in the morning. However, the long positions seem unwilling to give up, as they rebounded to around 118300.
From a technical perspective, the 4-hour level remains within a descending channel, with strong resistan

After a day of Bull vs Bear Battle, the long positions retreated and left the market, while the short positions took advantage of their victory. When reaching the high of 119800, it was once again met with resistance at the 12w level, starting to peak and rebound, currently experiencing a pullback that has broken the support level of 118500. The direction is now clear.
The MACD has formed a death cross below the 0 point, indicating that this downward trend has not yet ended, and there is significant space below. From a daily chart perspective, the short positions are still increasing, and the

Midday analysis, BTC's key points for long and short positions are approaching, and it is still in a state of fluctuation. After hitting the 119700 resistance level and retreating, it has been fluctuating in the 119200-119700 range.
The hourly candlestick chart is converging, and MACD is showing divergence, brewing a new wave of directional breakout. The key resistance level is 119800, and the support level remains unchanged.
BTC suggestion: continue to rise near 119000, target 120500 #BTC#

Today marks the start of a new week again. However, BTC experienced a whole day of sideways fluctuations over the weekend, and with the release of favourable information, BTC has also welcomed a wave of stepwise rise after breaking through the significant level of 118000.
From a technical perspective, the 4-hour moving averages are in a bullish arrangement, the RSI is in the overbought zone, and the MACD has a golden crossover with increasing volume. Currently, the support level has shifted to 118000. If the support level is maintained, there is a chance to break the previous high and reach 12

The overall trend remains the same as at midday. After experiencing a breakdown and fall, the current support level has moved below 115000. However, the strategy remains the same as at noon, still adopting the approach of going long on dips.
The RSI is in a weak zone, the market is not very active, and the MACD is about to form a golden cross, so I choose to go long at a low level.
Bitcoin suggestion: Choose to go long around the support level of 115500 with a target of 117000 #BTC#

#BTC# The recent downward movement has not yet ended! The main reason for this downward trend is that a Whale holding BTC for 14 years did not completely go through OTC trading, but instead, part of it directly entered the Secondary Market for trading, causing the price to drop sharply. However, in the layout from last night and the analysis this morning, I also pointed out the targets and my suggestions. We should never go against the market; we must follow the trend.
The current market sentiment is panic, and it is still in a downward trend, with no clear signal for an upward movement in the

This afternoon, I remind everyone that there is a brief wave of clear sailing. I don't know if everyone has seized it. It can be seen that there was a strong rebound at the support point. I wonder if everyone has caught the opportunity to enter a position.
Currently, it seems that after encountering the resistance level, there has been no breakthrough, and the trend is moving southward. Be aware that the market may start to accumulate at lower prices and once again break through the resistance level.
It can be seen that the current moving averages are still showing a bullish trend, and the mai