12.9 Large Cake Market Analysis and Trading Strategy
From the perspective of the 4-hour cycle, the current market is repeatedly oscillating within the 89000-90500 range, with volatility continuously narrowing. However, the price center is slowly shifting towards the lower edge of the range, and the upward probing momentum is clearly weakening. Previous attempts to breach the 91500 mark have failed, highlighting heavy selling pressure above; at the same time, the rebound peaks are consistently declining, indicating that the bearish forces are gradually taking the initiative. Even though there have been a few supportive rebounds around 89000, they only represent passive resistance from short-term buying and have not formed a sustainable upward breakthrough. The overall trend shows a weak oscillation state.
Based on the current characteristics of weak oscillation and insufficient rebound momentum, the short-term trend is more inclined towards a phase dominated by bearish forces. On the operational side, it is not recommended to blindly chase long positions; instead, focus on the pressure points encountered after rebounds. When the price approaches the upper edge of the range or when the rebound strength is weak, look for opportunities to place short positions, with strict risk control in place. It is crucial to closely observe the effectiveness of the two key support levels at 89000 and 88000 below; if these are lost, further downward risk should be anticipated. #比特币VS代币化黄金 #加密市场观察 #
Monday BTC Insight: Difficult to Continue the Rebound, First Look for Short Positions During the Day
After the weekend's closure, Bitcoin fell back last night, and in the early morning it surged above 91800, but couldn't hold on and quickly dropped again, now hovering around 91300.
Looking at the 4-hour chart, it has been fluctuating around the middle band of the Bollinger Bands, but the previous rebound didn't really gain momentum—simply put, it has dropped too much and is just catching its breath, not genuinely reversing. The Bollinger Bands still indicate a downward channel, and the trend is still dictated by bears, so the pace is clear: look for short opportunities on the rise.
Practical advice: Look for short positions above 91600, initially targeting the range of 88400-87500; if it reaches the target and doesn't continue to drop, then reverse and take a long position to bet on a rebound #比特币VS代币化黄金 #美SEC推动加密创新监管 #美联储重启降息步伐
In the early morning market, after a decline, there was a quick rebound after probing the key support level of 88000. Currently, it is fluctuating around the range of 89000, and the short-term tug-of-war between bulls and bears has become stagnant. From a technical perspective, the daily chart shows a shrinking volume with continuous bearish candlesticks, indicating a trend leaning towards bearish dominance, lacking effective volume support for a continuation of the rebound; on the four-hour level, the bearish strength continues to increase, with the price closely following the lower Bollinger band, and the bearish structure has yet to be dismantled; the hourly chart maintains narrow fluctuations, with dull turnover between bulls and bears, and no clear directional guidance at this time. Weekend market liquidity is usually weak, and it is likely to continue the fluctuation pattern. In terms of operations, it is recommended to primarily focus on high selling and low buying: pay attention to the pressure at the integer level of 90000 above, and rely on the support level of 88000 below for positioning, strictly control positions, avoid chasing high prices and selling low, and respond flexibly to range fluctuations. For Bitcoin, it is suggested to short in the range of 90000—90500, with a target looking at 88800—88000