Yesterday, BTC had a bit of a 'takeoff' vibe, but then it crashed right into a resistance level, instantly bringing it back to reality! Doesn't this plot seem familiar? It's just like every time you think you're about to make big money, only to be schooled by the market in return~ Don't panic, today we're not talking fluff; I'm purely breaking down from a personal hands-on perspective to help you see the tricks behind this wave of fluctuations!
First, let's complain about this frustrating market: the rise and fall is not a coincidence.
Those familiar with my style know that I never blindly believe in the nonsense of 'the market will suddenly reverse.' Yesterday's BTC surge looked lively, but in reality, it had long been foreshadowed—previous surges to similar positions had all been thunder with little rain, unable to hold and then retracing. Sure enough, yesterday followed the same old trick: it surged but couldn't stabilize and obediently returned to the support area.
Let me insert a personal opinion here: never be fooled by such 'false breakthroughs'! The current market structure hasn't changed at all; it's still that grinding oscillation pattern. The most taboo thing now is chasing after prices and selling low; those who act impulsively are likely to become 'bag holders.' We must remain calm and keep the initiative in our hands.
2. Key alerts! The critical price levels hide the 'life and death line' of the market.
When discussing the market, we can't just complain; we need to provide solid insights! Based on my years of monitoring experience, these two key price levels must be firmly remembered, akin to a 'navigation instrument' for the current market:
First is the support level, currently stuck at the 90,000 mark. Don't underestimate this number; it's the 'psychological defense line' of the recent market. Previous dips to this point have been stabilized, indicating that there is considerable capital 'bottom-fishing' here. However, I must say, support levels are not set in stone; if effectively broken, a deeper correction is highly likely afterward, and everyone must be vigilant about this.
Looking at the resistance level, it ranges between 93,500 and 95,000. Yesterday BTC fell at this 'threshold' in the range; why is there so much pressure here? Simply put, there are quite a few trapped positions that want to 'break free and run' when they reach this point, so the selling pressure naturally increases. Personally, I judge that this resistance zone is unlikely to break easily in the short term unless large funds continue to enter to support it.
3. The macro environment is causing chaos! Will interest rate hike expectations trigger volatility?
In addition to the technical aspects, the macro environment has also been unstable recently, especially with the interest rate hike expectations from the Bank of Japan, which has really thrown cold water on the market. New followers might not understand how interest rates relate to the crypto market. Simply put, interest rate hikes make the funds in the market more 'valuable,' and many conservative funds will withdraw from such high-volatility markets to buy safer assets.
In my personal opinion, this expectation of interest rate hikes has begun to shake market sentiment. In the coming period, volatility is likely to rise again. Don't expect the market to move steadily; it will likely be a 'bouncing rhythm.' For those with a poor mindset, it's advisable to monitor less to avoid being stressed into health issues.
4. My operational plan: No blind following; only wait for clear signals.
Lastly, let me share my operational thoughts, which only represent my personal viewpoint and do not constitute investment advice! Before the market breaks through key resistance or falls below key support, I will maintain a neutral stance and absolutely not enter blindly. In simple terms, this is the 'watching phase'; whoever acts first will lose.
If the subsequent market can effectively break through 95,000, accompanied by increased volume, it indicates that the bulls are truly gaining strength, and momentum may turn bullish; at that point, it won’t be too late to consider following up. But if it falls below the 90,000 support level, let's not hold onto fantasies; a deeper correction is highly likely. At this time, the best operation is to 'watch more and act less,' preserving the principal is the key.
Alright, that's all for today's market analysis! I believe my long-time followers know that I never play tricks; I always share the most genuine judgments with everyone. I will continue to monitor the changes in these two key price levels, and once there are clear signals, I will notify everyone in the comments section immediately. If you find my analysis useful, follow me@链上标哥 so you won't get lost!
