American stocks closed rise in all directions on Friday, pushing BTC above $85,000. However, the cryptocurrency market was volatile over the past weekend, lacking liquidity, and BTC failed to continue rising. At the same time, the Russian-Ukrainian conflict is still ongoing, and over the weekend, Trump launched a large-scale attack on Yemeni Houthi rebels, this 'black swan' event in the Middle East shocked the market. As a result, the price of BTC sharply plummeted, experiencing two weeks of continuous fall, retesting, and adjustment, and the future Super Central Bank may be an important catalyst for changing the BTC market trend next week. With the upcoming meetings of the Federal Reserve and the Bank of Japan, the market may face significant fluctuations, so it is recommended to closely monitor PA on Monday and Tuesday to develop a sensible intraday or intraweek trading strategy.
💎 💎 Over the past weekend, the market demonstrated a typical V-shaped rally structure. The price of the cake initially jumped higher, then began to retreat, briefly falling to a minimum of about 81900, and then sharply rebounded and rose all the way to 83800. It is evident that the price level of 84000 formed a clear resistance level. In the morning market wave, with the impulse of breaking through 84,000, the price of the cake coin quickly jumped to 85,000, but unfortunately, the price could not firmly hold at this high level and soon fell again, fluctuating below 84,000. Explain that the bearish trend is evident, and then look at the daily pie chart, which shows a small white line stretching, but there is still a distance from the trend translation line above, the daily line looks more like a shock state upwards in the near future, the probability of a downward descent on the relay is low, after the early morning spike of 85000 to obtain a large amount of liquidity, for a small cycle and intra-day perspective, first look at the correction, and then move on to the next paragraph 📈, then do not make any changes to the next goal; Moving to the hourly chart, the price fluctuation range began to gradually shrink, and the fluctuation range became smaller and smaller. In such a market environment, market sentiment is clearly skewed in favor of bears. Since the current market structure has not yet shown signs of a reversal, and after the previous low point was recalled, it is engaged in convergence, and a safe way to pull long is to cut the lower boundary of convergence, patiently wait for a rollback, first short, and then long.
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American stocks closed rise in all directions on Friday, pushing BTC above $85,000. However, the cryptocurrency market was volatile over the past weekend, lacking liquidity, and BTC failed to continue rising. At the same time, the Russian-Ukrainian conflict is still ongoing, and over the weekend, Trump launched a large-scale attack on Yemeni Houthi rebels, this 'black swan' event in the Middle East shocked the market. As a result, the price of BTC sharply plummeted, experiencing two weeks of continuous fall, retesting, and adjustment, and the future Super Central Bank may be an important catalyst for changing the BTC market trend next week. With the upcoming meetings of the Federal Reserve and the Bank of Japan, the market may face significant fluctuations, so it is recommended to closely monitor PA on Monday and Tuesday to develop a sensible intraday or intraweek trading strategy.
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Over the past weekend, the market demonstrated a typical V-shaped rally structure. The price of the cake initially jumped higher, then began to retreat, briefly falling to a minimum of about 81900, and then sharply rebounded and rose all the way to 83800. It is evident that the price level of 84000 formed a clear resistance level. In the morning market wave, with the impulse of breaking through 84,000, the price of the cake coin quickly jumped to 85,000, but unfortunately, the price could not firmly hold at this high level and soon fell again, fluctuating below 84,000. Explain that the bearish trend is evident, and then look at the daily pie chart, which shows a small white line stretching, but there is still a distance from the trend translation line above, the daily line looks more like a shock state upwards in the near future, the probability of a downward descent on the relay is low, after the early morning spike of 85000 to obtain a large amount of liquidity, for a small cycle and intra-day perspective, first look at the correction, and then move on to the next paragraph 📈, then do not make any changes to the next goal; Moving to the hourly chart, the price fluctuation range began to gradually shrink, and the fluctuation range became smaller and smaller. In such a market environment, market sentiment is clearly skewed in favor of bears. Since the current market structure has not yet shown signs of a reversal, and after the previous low point was recalled, it is engaged in convergence, and a safe way to pull long is to cut the lower boundary of convergence, patiently wait for a rollback, first short, and then long.