At midnight, BTC made a strong push upward, reaching a maximum of around 114700, then faced pressure and fell back to around 114000, before rebounding again to around 117900.


In the current market, BTC is in a high-level consolidation. The daily line on Sunday closed with a solid bullish candle, breaking the consecutive bearish trend, but the trading volume has shrunk, showing a divergence with the price. The market is in a correction cycle and needs to break through to confirm a trend reversal. On the four-hour level, the market has nearly risen with consecutive bullish candles, while minor bearish candles have released short-selling sentiment. The current price has broken through and stabilized above the middle track, and the bullish momentum has not diminished. In the future market, it is advisable to go long at lower levels in line with the trend to continue the bullish market.
Operation suggestion: BTC pullback to around 114000 - 113500 to go long, target 115800 - 116800. #BTC#
BTC-3.89%
ETH-4.36%
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EightImmortalsCrossTheSeavip
· 08-04 03:27
The MA144 and MA169 moving averages are under significant pressure, and although there is a golden cross pattern in the MACD, the volume is weak. The momentum is struggling to break through the moving average constraints, and the rebound may turn out to be a "trap for retail investors".

For the SOL range of 165-168, the target is 158 and 150. If it breaks down, continue to look lower. Remember to manage your defense according to your position size.
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