64,028 once it went down, the order from the bag-holder was swallowed in a single bite.
But the rebound up to MA5 at 64,461 didn’t have much steam.
Volume ratio 0.5, turnover 741 million.
With this kind of volume, whether it’s selling or pulling looks like a test.
4-hour RSI 67.4, MACD is still bullish—the direction isn’t broken.
1-hour MACD flipped bearish; the price is being held down by MA5 and MA20.
15-minute RSI 15.6, oversold.
Volume ratio 0.0—any rebound is likely also fake.
The Bollinger Band runs from 64,002 to 65,007. Price is sticking below the middle band; band width is 1.6%.
This kind of convergence usually means something big is being compressed.
But which direction it’ll break first—I really don’t know.
63,300 is the level that keeps getting absorbed; once it breaks, stop-losses will trigger in a chain.
65,059 is the 24-hour high; from 64,892 in this area, there are lots of short positions.
On smaller timeframes it goes against the larger timeframe—so only trade key levels, don’t chase breakouts.
I plan to wait for the rebound back to this area to short; stop-loss 65,150; target 63,300.
Everyone’s cost basis is different—can you dare to match my position size?
Whether it can reach my entry level, I’m really not sure.
#BTC #ETH #比特币 #币圈 #market analysis
But the rebound up to MA5 at 64,461 didn’t have much steam.
Volume ratio 0.5, turnover 741 million.
With this kind of volume, whether it’s selling or pulling looks like a test.
4-hour RSI 67.4, MACD is still bullish—the direction isn’t broken.
1-hour MACD flipped bearish; the price is being held down by MA5 and MA20.
15-minute RSI 15.6, oversold.
Volume ratio 0.0—any rebound is likely also fake.
The Bollinger Band runs from 64,002 to 65,007. Price is sticking below the middle band; band width is 1.6%.
This kind of convergence usually means something big is being compressed.
But which direction it’ll break first—I really don’t know.
63,300 is the level that keeps getting absorbed; once it breaks, stop-losses will trigger in a chain.
65,059 is the 24-hour high; from 64,892 in this area, there are lots of short positions.
On smaller timeframes it goes against the larger timeframe—so only trade key levels, don’t chase breakouts.
I plan to wait for the rebound back to this area to short; stop-loss 65,150; target 63,300.
Everyone’s cost basis is different—can you dare to match my position size?
Whether it can reach my entry level, I’m really not sure.
#BTC #ETH #比特币 #币圈 #market analysis