老白z

The recent trend of the pancake has been fluctuating upward. In the hourly level market, the price once reached around 88700, followed by a pin reversal. Currently, it is hovering around the 88700 line.

Sunday night operation suggestion: Consider making a move around 88300 - 87800, with the target looking towards around 89300 - 90300 #BTC

Japan's interest rate hike to 0.75% (a 30-year high) exerts downward pressure on Bitcoin in the short term: reversing yen carry trades, tightening global liquidity, intensified institutional selling, and BTC may drop towards the $80,000 support. History shows that BTC fell 31% after the last rate hike. However, in the medium to long term, there may be a rebound: if the yen continues to weaken after the rate hike, it will stimulate capital inflow into dollar assets, including BTC; Japan's isolated rate hike has limited impact against the backdrop of easing by other central banks worldwide. Overall, the short term is bearish while the medium term is bullish. $BTC #比特币流动性 #加息影响

Bitcoin Evening Thoughts
Currently, the daily trend of Bitcoin is showing weak consolidation, focusing on two key aspects.
The current bottom is at 85000. If the daily closing price falls below this level, it will drop to the next low around 80000.

If there is a rise, it will first encounter the 88000 resistance area. To truly reverse the trend and strengthen, it must stabilize above the 91000 level.

The indicators are also not promising; the MACD is a bearish signal, and although the RSI shows some signs of not falling further, it hasn't reached the level of reversal yet. The current rebound is basically just a technical pullback after significant declines.

Bitcoin is around 87500-87000, looking towards 85000-86000$BTC

Last night the price limit was set at 90200, and when the market price approached 86561, I decisively took all profits, making another big gain $BTC

The pancake has a short-term weak oscillation leaning towards bearish, and the downside risk has not been eliminated. Although there was a slight rebound at 86700, the subsequent trading volume is lacking. The 1-hour moving average has a death cross, and KDJ is weak, with daily and 4-hour oscillations trending downwards, confirming the judgment of a weak downward probe. In terms of operations, short positions can be taken near 87000, targeting around 85500; if 85500 is broken, it will continue to test 84000. $BTC

Pancake evening operation:
Limit price 87200-87700, target 85900.

Currently, the BTC market is such that 86000 is not a bottom at all; it's just a transit station on the way down. Based on the trend during this period, the drop from 120000 is not a simple correction but a complete reversal of the trend. Next, we need to focus on the range of 80000 - 85000, which is a place where a lot of trading has happened before. If this range is broken, then below is all falling space. At this time, one should not think about bottom fishing; blindly entering without clear bottom signals is completely just gambling.

The current position of Bitcoin has not yet touched the bottom of this cycle; the current 85k-87k is merely a transit station in the downward cycle. After a rebound, it will still continue to maintain a downward trend. The decline from the new high of 120000 is a reversal of the cycle. Next, focus on 80k-85k; this range is a dense rebound area from the previous low. It is just a matter of time before this round of decline reaches or breaks the previous low. At this time, do not think about bottom fishing; without clear bottom signals, do not blindly enter the market. $BTC

1 hour structure, the big pie has already broken through the lower edge of the consolidation phase, which also means that the downward trend continues. The bear market has arrived as expected, with the big pie starting to fluctuate during the day, fluctuating in the range of 85500 to 86400. The current price has reached 86400, with the first resistance above around 87000. If this position is reached, obedient brothers should rush in without hesitation!

Rebound temptation! The trend of Bitcoin remains unchanged

The rebound to 85000 is a weak pullback, clearly showing a steep decline in the previous period. The RSI is oversold and the low-level doji is merely a short-term breather, definitely not a reversal signal; the rebound here is an opportunity to trade Bitcoin well.

During the day, focus on the range of 86500-87000 for Bitcoin trading, with the first target at 85500; if this level breaks, it can continue to look down to 84000.
$BTC