$BTC Btc forms a wedge-shaped oscillation range; the highs gradually move lower while the lows slowly rise, and trading volume continues to contract. A directional breakout is likely imminent. The 4-hour K-line combination shows a bearish signal, and the strength of bullish rebounds is insufficient.
At the moment, the larger timeframe has not entered the early stage of a bull market, so the market will most likely remain in a ranging/oscillating pattern. Even if a rebound occurs, it’s not advisable to be overly optimistic. If the rebound fails under resistance, there is still a risk of another leg down.
Short-term decisive level: 62400 (early-August low)
Downside target: 61500. At this level, a large amount of liquidity is stacked; the main players have a motive to probe lower to harvest liquidity.
Upside resistance: 64500-65400
If price cannot hold above 64500, the market will move downward, looking toward the 61500 liquidity zone. The main players will most likely probe down to 61000 to harvest liquidity. After triggering a stop-hunt and inducing a false move, they would then start the rebound. Only when selling pressure on the downside gradually fades, bullish-buy volume expands on green candles, and a move that breaks down is quickly reclaimed occurs will price be closer to the bottom range
#Cerebras盘后跌14% #Zerohash称OCC退回其信托银行牌照申请 #挪威主权基金披露持有SpaceX股份 $NVDAB
At the moment, the larger timeframe has not entered the early stage of a bull market, so the market will most likely remain in a ranging/oscillating pattern. Even if a rebound occurs, it’s not advisable to be overly optimistic. If the rebound fails under resistance, there is still a risk of another leg down.
Short-term decisive level: 62400 (early-August low)
Downside target: 61500. At this level, a large amount of liquidity is stacked; the main players have a motive to probe lower to harvest liquidity.
Upside resistance: 64500-65400
If price cannot hold above 64500, the market will move downward, looking toward the 61500 liquidity zone. The main players will most likely probe down to 61000 to harvest liquidity. After triggering a stop-hunt and inducing a false move, they would then start the rebound. Only when selling pressure on the downside gradually fades, bullish-buy volume expands on green candles, and a move that breaks down is quickly reclaimed occurs will price be closer to the bottom range
#Cerebras盘后跌14% #Zerohash称OCC退回其信托银行牌照申请 #挪威主权基金披露持有SpaceX股份 $NVDAB