RSI is already at 77.1—overbought signals are right on your face.
And the price is still at 69,335.
In the past, it should have dumped already.
The hourly chart is even more extreme: 87.6.
Worse than the daily.
The daily MACD is still bullish.
MA5 66,165 and MA20 64,465 are trending upward.
The trend hasn’t broken yet.
Bias is still long, but the location isn’t good.
The upper Bollinger band at 67,942 is being stepped on.
The price is floating above it, too far from the moving averages.
The key is volume.
In the last 24 hours, turnover is 1.955 billion, and the volume ratio is 0.0.
A surge on declining volume doesn’t look like fresh money rushing in—more like short-covering.
Once the covering stops, the overbought market has to pay its debt.
I won’t chase longs—I’ll wait for a pullback.
Support is at 61,300.
This is the level that’s been ground through repeatedly—once it breaks, it becomes a different story.
Resistance is at 70,000.
The 24-hour high is here; when price reaches it the first time, there’s likely selling pressure.
My plan is to buy the dip around 66,200.
This is near the MA5.
Set the stop-loss at 64,200.
If it breaks below the MA20, I can’t pretend otherwise.
Take partial profits around 70,000.
If it taps there, I’ll sell half first.
Volume hasn’t been replenished, so my position won’t be heavy.
For this trade, I’m betting that 66,200 can hold—using a 30% position size.
#BTC #ETH #比特币 #币圈 #行情分析
And the price is still at 69,335.
In the past, it should have dumped already.
The hourly chart is even more extreme: 87.6.
Worse than the daily.
The daily MACD is still bullish.
MA5 66,165 and MA20 64,465 are trending upward.
The trend hasn’t broken yet.
Bias is still long, but the location isn’t good.
The upper Bollinger band at 67,942 is being stepped on.
The price is floating above it, too far from the moving averages.
The key is volume.
In the last 24 hours, turnover is 1.955 billion, and the volume ratio is 0.0.
A surge on declining volume doesn’t look like fresh money rushing in—more like short-covering.
Once the covering stops, the overbought market has to pay its debt.
I won’t chase longs—I’ll wait for a pullback.
Support is at 61,300.
This is the level that’s been ground through repeatedly—once it breaks, it becomes a different story.
Resistance is at 70,000.
The 24-hour high is here; when price reaches it the first time, there’s likely selling pressure.
My plan is to buy the dip around 66,200.
This is near the MA5.
Set the stop-loss at 64,200.
If it breaks below the MA20, I can’t pretend otherwise.
Take partial profits around 70,000.
If it taps there, I’ll sell half first.
Volume hasn’t been replenished, so my position won’t be heavy.
For this trade, I’m betting that 66,200 can hold—using a 30% position size.
#BTC #ETH #比特币 #币圈 #行情分析