林听论币

Binance chatroom allows direct communication with Lin Ting
1. Open the Binance APP, type "chatroom" in the top search bar, and click to enter the feature;
2. Once in the chatroom, find the "+" button in the top right corner and select the "Add Friend" option;
3. In the friend search box, accurately enter my exclusive chat ID: 9nnwkbt. After hitting search, you'll find me and can send a friend request to start interacting! $BTC

The big event is coming! After BTC fails to break 116,000 three times, a major drop is inevitable!

1 BTC attempted to reach a peak of 116,000 for the second time without breaking it, and will test the bottom near 105,000 again; it has now entered a downtrend;

2 After dropping to around 105,000, it will rebound again to around 115,000, forming the third peak at 116,000;

3 If it fails to break 116,000 three times, there will be a significant drop below 100,000, testing the bottom near 90,000;

4 100,000 is likely not the bottom, and it may very well drop to around 90,000.

Bitcoin is forming a wedge-shaped oscillation range: the highs are gradually moving down, the lows are slowly rising, and trading volume is steadily shrinking—soon, a directional breakout is likely. The 4-hour K-line pattern shows bearish signals, and the strength of the rebound from the bulls is insufficient.

At the moment, the market on the larger timeframe has not entered the initial “rally” phase. In all likelihood, it will continue to exhibit a choppy and winding consolidation pattern. Even if a rebound occurs, it shouldn’t be overly optimistic. If the rebound fails to gain traction, there remains the risk of another round of downside probing.

Short-term decisive level: 62000 (early-August low)
Below target: 61500—this level is packed with liquidity. The main force has a motive to dip lower and harvest liquidity;
Upper resistance: 64500–65400

If price cannot hold above 64500, the market will move downward, looking toward the 61000 liquidity zone. The main force will likely probe down to 61000 to harvest liquidity. After triggering and completing a stop-out/false breakdown, it will then kick off the rebound. Only if selling pressure on the downside gradually weakens, and bullish buying volume expands with bullish (green) candles—and there is a pattern where a breakdown is quickly recovered—will price come closer to the bottom range. #美国7月CPI与PPI数据本周出炉

btc at the doorstep of breaking out but still no breakthrough. With the additional sell pressure around 67k, the longs can’t push any higher, so only the downward direction is possible. The market conveniently is pulling back to the lower boundary of the channel to consolidate; 4-hour support is at 63.8k. The upward move over the weekend is very likely to continue into Monday’s session.

I think it’s a good time to set up a long order in advance—watching 66k.

Bitcoin outlook: bulls maintain an advantage, while bears are relatively weak

(1) The daily-level rebound is accompanied by a modest increase in trading volume, but the overall volume is still far below the annual average.
(2) Bear volume is very weak. Although bull volume has the upper hand, the price is about to reach the 0.382 Fibonacci retracement level shown in the chart below—i.e., the rebound will likely reach the prior high near 67,500.
(3) On the 4-hour timeframe, bull volume shows some weakening and there is a mild volume-price divergence, which is a potential downside risk for the next rebound.

Overall view: The rebound with increased volume appears effective, but volume momentum has not fully faded yet. The 67–68K resistance zone is likely to be tested.

My personal projection is that the BTC price will rebound to around 67,500, where there will very likely be a small pullback downward. However, the downside room is limited because bear volume is simply too weak.

The low point of Bitcoin’s pullback decline is gradually rising, and the market sentiment is bullish!

The $65K resistance level is being slowly eaten away by the bulls, and afterward the price will most likely continue to consolidate and move upward. A second attempt to test the top around 67,500 is possible, and it’s also possible to touch the 69,000–70,000 range.

Before the CPI data is released, both bulls and bears are somewhat hesitant. The data we can see in terms of order flow volume and the order book is relatively weak. For today’s short-term move, the price may pull back to around 62,500, and we should just wait for the CPI data to land.

If the CPI data comes in higher than expected, it will directly drop to around 61,500 to regroup and build momentum again. The price path would be the movement marked by the blue line below.

If the CPI data is lower than or meets expectations, the price will consolidate in a narrow range around 62,500 to build momentum, and then it may continue to bounce upward. The price path would be the movement marked by the yellow line below.

Currently, bullish volume is relatively weak, and the price has already rebounded to below the 0.786 Fibonacci retracement level of the small cycle. There is still some resistance and pressure here, so a pullback to around 62,500 is also quite normal.

Bitcoin has a rebound signal. Although it is still in a downtrend, the support level has not been broken, so I’m not overly bearish. For the intraday pullback, watch 63200–62800, then aim for 65000. If it breaks below 65500–66000, you can continue holding.
$NVDAB