The market is in a stalemate today, with the midday price always fluctuating around the 107000 mark in a narrow range. Although it appears to be a slowly rising trend in a stepped manner, there is actually a hidden reversal risk. In the afternoon, we decisively proposed a strategy to set short orders near the 107500 level, with a target price set at the critical support level of 106000. Subsequently, the market trend closely matched expectations, and the price quickly fell back after reaching the resistance level, successfully achieving a profit of nearly k points.
From a technical analysis perspective, although the four-hour K-line chart of Bitcoin maintains an upward trend, the speed of the rise has clearly slowed down, and a divergence between volume and price has emerged, indicating that the bullish momentum is weakening. The MACD indicator shows that the red bars are continuously shortening, and the dual lines are about to form a death cross, sending a strong bearish signal; the RSI indicator is turning down in the overbought zone, while the KDJ indicator's three lines are diverging at a high level, all suggesting that a short-term top has appeared. Based on the current market pattern, the price comparison. There is a high probability of continuing the downward trend. It is recommended to pay close attention to the resistance level in the 107200-107600 range. If the rebound encounters resistance in this area, you can successively look towards the support levels of 106000 and 105200 to seize short order opportunities in the downward trend.
It is recommended to short Bitcoin around the 107800-107200 range, with a target price of 105500; Ethereum can lay short orders near 2470, with a target price of 2370.
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The market is in a stalemate today, with the midday price always fluctuating around the 107000 mark in a narrow range. Although it appears to be a slowly rising trend in a stepped manner, there is actually a hidden reversal risk. In the afternoon, we decisively proposed a strategy to set short orders near the 107500 level, with a target price set at the critical support level of 106000. Subsequently, the market trend closely matched expectations, and the price quickly fell back after reaching the resistance level, successfully achieving a profit of nearly k points.
From a technical analysis perspective, although the four-hour K-line chart of Bitcoin maintains an upward trend, the speed of the rise has clearly slowed down, and a divergence between volume and price has emerged, indicating that the bullish momentum is weakening. The MACD indicator shows that the red bars are continuously shortening, and the dual lines are about to form a death cross, sending a strong bearish signal; the RSI indicator is turning down in the overbought zone, while the KDJ indicator's three lines are diverging at a high level, all suggesting that a short-term top has appeared. Based on the current market pattern, the price comparison.
There is a high probability of continuing the downward trend. It is recommended to pay close attention to the resistance level in the 107200-107600 range. If the rebound encounters resistance in this area, you can successively look towards the support levels of 106000 and 105200 to seize short order opportunities in the downward trend.
It is recommended to short Bitcoin around the 107800-107200 range, with a target price of 105500; Ethereum can lay short orders near 2470, with a target price of 2370.