$BTC South Korea’s Digital Asset Basic Act is expected to be finalized in early January 🔥
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🟢 $BTC South Korea’s Digital Asset Basic Act is expected to be finalized in early January Short-term bearish · Multi-timeframe confluence
⚠️Technical analysis: The BTC daily and 4-hour moving averages are both bearishly aligned and diverging downward. The daily ADX is as high as 40.1, while the 4-hour ADX has surged to 62.1, indicating maximum bearish trend strength and a clear multi-timeframe confluence in a downward structure. The MACD green bars are still expanding, while the KDJ remains flat in oversold territory and has yet to form a golden cross, leaving little strength for a short-term rebound. At 68816, the price is nearing daily support at 67449, while resistance at 81954 remains far out of reach. A breakdown could lead to a further decline.
📢Market update: The finalization of South Korea’s Digital Asset Basic Act is approaching. It may bring regulatory certainty in the short term, but that is unlikely to offset the selling pressure from the current wave of liquidations. Data shows weakening spot demand and insufficient buying interest. Market sentiment is leaning toward panic, and any rebound lacks volume support.
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🔔 Follow for first-hand market updates 🔔
#技术分析 #多周期共振 #韩国数字资产基本法预计1月初定稿 #BTC
📌 When trading, pay attention to whether the candlestick patterns are consistent
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🟢 $BTC South Korea’s Digital Asset Basic Act is expected to be finalized in early January Short-term bearish · Multi-timeframe confluence
⚠️Technical analysis: The BTC daily and 4-hour moving averages are both bearishly aligned and diverging downward. The daily ADX is as high as 40.1, while the 4-hour ADX has surged to 62.1, indicating maximum bearish trend strength and a clear multi-timeframe confluence in a downward structure. The MACD green bars are still expanding, while the KDJ remains flat in oversold territory and has yet to form a golden cross, leaving little strength for a short-term rebound. At 68816, the price is nearing daily support at 67449, while resistance at 81954 remains far out of reach. A breakdown could lead to a further decline.
📢Market update: The finalization of South Korea’s Digital Asset Basic Act is approaching. It may bring regulatory certainty in the short term, but that is unlikely to offset the selling pressure from the current wave of liquidations. Data shows weakening spot demand and insufficient buying interest. Market sentiment is leaning toward panic, and any rebound lacks volume support.
════════════════════
🔔 Follow for first-hand market updates 🔔
#技术分析 #多周期共振 #韩国数字资产基本法预计1月初定稿 #BTC
📌 When trading, pay attention to whether the candlestick patterns are consistent
