📊 Cautious wait-and-see strategy (Recommendation index ⭐️⭐️⭐️⭐️⭐️)
📰 News information：
1. Digital Market Asset Transparency Act
2. Anti-CBDC Regulation Act
3. US Stablecoin Innovation Act
📈 Technical Analysis：
At present, the price of BTC is around 109,000, and the overall narrow fluctuation pattern continues. The market as a whole lacks clear direction. However, it is worth noting that the trading volume has dropped to 30.1 billion US dollars, which has further shrunk compared with the previous day, reflecting a decline in market participation.
In my opinion, the driving factors of the market include the following:
1. The continued activity of ancient whales has attracted attention
2. The technical side shows that the momentum is weakening
3. Market sentiment has turned neutral
4. ETF fund inflows remain strong
5. The "Crypto Week" policy catalyst is coming
Currently, BTC continues to consolidate within the upward trend line, but the momentum indicator shows fatigue, the 4H Bollinger Bands shrink, and the price is running near the middle track of 108,400. Enter the market cautiously during the day and pay attention to the support of 107,000
🎯 Trading Points：
SELL 109,000-110,000
TP 107,500-107,000
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and being strict with yourself. I share free trading strategies and analysis ideas every day for reference by bros. I hope my analysis can help you.
BTCUSD
📰 News information：
1. Digital Market Asset Transparency Act
2. Anti-CBDC Regulation Act
3. US Stablecoin Innovation Act
📈 Technical Analysis：
At present, the price of BTC is around 109,000, and the overall narrow fluctuation pattern continues. The market as a whole lacks clear direction. However, it is worth noting that the trading volume has dropped to 30.1 billion US dollars, which has further shrunk compared with the previous day, reflecting a decline in market participation.
In my opinion, the driving factors of the market include the following:
1. The continued activity of ancient whales has attracted attention
2. The technical side shows that the momentum is weakening
3. Market sentiment has turned neutral
4. ETF fund inflows remain strong
5. The "Crypto Week" policy catalyst is coming
Currently, BTC continues to consolidate within the upward trend line, but the momentum indicator shows fatigue, the 4H Bollinger Bands shrink, and the price is running near the middle track of 108,400. Enter the market cautiously during the day and pay attention to the support of 107,000
🎯 Trading Points：
SELL 109,000-110,000
TP 107,500-107,000
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and being strict with yourself. I share free trading strategies and analysis ideas every day for reference by bros. I hope my analysis can help you.
BTCUSD Trade active
BTC has started to fall. I currently hold a short position near 109,000. Do you have the courage to follow me and short and look at the support of 107,000 below?Note
Break through 110,700 = start of the 2-week main uptrend (TP120,000)Break below 108,000 = 4-hour pullback starts (TP105,000)
Engaged in trading for many years,with an accuracy rate of up to 90%🏅If you want to get guidance from professional mentors and get free trading signals📈we can answer any questions you have as soon as possible👇Seize the opportunity to seize profits👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Engaged in trading for many years,with an accuracy rate of up to 90%🏅If you want to get guidance from professional mentors and get free trading signals📈we can answer any questions you have as soon as possible👇Seize the opportunity to seize profits👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.