BTC Market Preview for Next Week
• Trigger: The Binance hack sparked panic and a cascade of liquidations (actual losses of around $3 billion or more).
• Key bearish factor: The Fed kept rates unchanged but struck a hawkish tone, raising expectations of a December rate hike (74.9% probability) and tightening liquidity further.
• External pressure: Google’s earnings fell short of expectations, raising doubts about AI profitability. A sharp drop in tech stocks weighed on risk appetite.
Key Points on the BTC Chart
• Weekly: A Three Black Crows bearish pattern (price fell after a false breakout above the previous high of 8.28); the pullback is a healthy, deep correction.
• Daily: A high-volume bearish candle broke below the previous low of 7.97 and failed to reclaim it quickly. Price is moving in a descending channel, with bears firmly in control.
• Hourly: A slight bullish divergence has appeared, suggesting a possible modest rebound. However, it would likely be a continuation of the downtrend, with limited upside.
Trading Strategy
1. Core short-term long: $76,600–$75,500 (strong support at the weekly EMA30; watch closely to see whether price stabilizes and forms a bottom here).
2. Short-term shorts: Don’t chase shorts at the lows. Wait for a rebound toward 80,000, where resistance at the gap may offer a short entry.
3. Medium- to long-term longs: Price has entered the correction zone. Consider preparing to build or add to positions in stages (the lower the price, the more you can scale in).
4. A true bottom requires a clear structure showing price halting its decline and recovering, with successive higher lows—not just a single sharp wick to the downside.
#币安已覆盖60亿美元被盗损失 #FBI确认朝鲜应对币安被盗事件负责 #币安已回填九成受影响资产 $BTC $ETH
• Trigger: The Binance hack sparked panic and a cascade of liquidations (actual losses of around $3 billion or more).
• Key bearish factor: The Fed kept rates unchanged but struck a hawkish tone, raising expectations of a December rate hike (74.9% probability) and tightening liquidity further.
• External pressure: Google’s earnings fell short of expectations, raising doubts about AI profitability. A sharp drop in tech stocks weighed on risk appetite.
Key Points on the BTC Chart
• Weekly: A Three Black Crows bearish pattern (price fell after a false breakout above the previous high of 8.28); the pullback is a healthy, deep correction.
• Daily: A high-volume bearish candle broke below the previous low of 7.97 and failed to reclaim it quickly. Price is moving in a descending channel, with bears firmly in control.
• Hourly: A slight bullish divergence has appeared, suggesting a possible modest rebound. However, it would likely be a continuation of the downtrend, with limited upside.
Trading Strategy
1. Core short-term long: $76,600–$75,500 (strong support at the weekly EMA30; watch closely to see whether price stabilizes and forms a bottom here).
2. Short-term shorts: Don’t chase shorts at the lows. Wait for a rebound toward 80,000, where resistance at the gap may offer a short entry.
3. Medium- to long-term longs: Price has entered the correction zone. Consider preparing to build or add to positions in stages (the lower the price, the more you can scale in).
4. A true bottom requires a clear structure showing price halting its decline and recovering, with successive higher lows—not just a single sharp wick to the downside.
#币安已覆盖60亿美元被盗损失 #FBI确认朝鲜应对币安被盗事件负责 #币安已回填九成受影响资产 $BTC $ETH
