A large pancake is tested multiple times at the 847 level, yet it always fails to hold its ground.
Only when the price closes back above 847 within an hour can we treat it as a short-term stop to the downtrend and enter a range-bound (sideways) market; if it cannot break through, the market will likely remain in a sideways-to-bearish setup.
Resistance has shifted down to 838-840. If it can’t close a bullish engulfing pattern around 837 within an hour, the short-term stop-to-downtrend signal can’t be confirmed.
For those who are not suitable for short positions, you can gradually reduce your holdings.
The first target for the 4-hour pullback is 817, with strong support at 795.
If you’re currently in cash, there’s no need to rush into a trade; wait for the pullback to be in position, then scale in with orders.
This round of decline is relatively fast. After the bears have released their momentum, it will most likely transition into a range-bound market.
One favorable point is: with the rapid release of downside momentum, around the National Day period, there’s a fairly good chance the market will stop falling and turn upward.
The market tends to prefer traders who can stay patient—good opportunities often require waiting. Don’t panic. Opportunities for a medium-term uptrend are still there; keep your mindset steady.#比特币两度受阻87300美元 #美债10年期收益率创19年新高 #比特币现货ETF四日流入23.1亿美元 #美国拟推动美元稳定币海外使用 #美国30年期国债收益率触及2004年来最高
Only when the price closes back above 847 within an hour can we treat it as a short-term stop to the downtrend and enter a range-bound (sideways) market; if it cannot break through, the market will likely remain in a sideways-to-bearish setup.
Resistance has shifted down to 838-840. If it can’t close a bullish engulfing pattern around 837 within an hour, the short-term stop-to-downtrend signal can’t be confirmed.
For those who are not suitable for short positions, you can gradually reduce your holdings.
The first target for the 4-hour pullback is 817, with strong support at 795.
If you’re currently in cash, there’s no need to rush into a trade; wait for the pullback to be in position, then scale in with orders.
This round of decline is relatively fast. After the bears have released their momentum, it will most likely transition into a range-bound market.
One favorable point is: with the rapid release of downside momentum, around the National Day period, there’s a fairly good chance the market will stop falling and turn upward.
The market tends to prefer traders who can stay patient—good opportunities often require waiting. Don’t panic. Opportunities for a medium-term uptrend are still there; keep your mindset steady.#比特币两度受阻87300美元 #美债10年期收益率创19年新高 #比特币现货ETF四日流入23.1亿美元 #美国拟推动美元稳定币海外使用 #美国30年期国债收益率触及2004年来最高
