I am Bai Yue! The current price of LINK is $12.69. The market seems calm, but clues have already been buried in the 4-hour chart. Today, let's break it down in simple terms and see how to proceed with this game.
News: The silent period is often brewing
Recently, there haven't been any direct explosive news regarding LINK, but this is actually a point we need to pay attention to. The entire oracle track, as the 'infrastructure' connecting blockchain and the real world, will only increase in importance during a bull market. The explosion of popular narratives like Layer 2 ecology and RWA (real-world assets) is all dependent on the feeding of oracle data. As the leader, LINK is like a gas station; when traffic increases, its fundamental expectations stabilize. Therefore, the current calm might be waiting for an industry-level tailwind.
Technical aspect: The game of long and short at critical positions
From this 4-hour chart, there are a few clear points:
First, the trend indicator has formed a golden cross at a low level, which is a short-term strengthening technical signal, indicating that the downward momentum has weakened, and there is capital trying to support the bottom.
Second, the most critical resistance level is near $13.57. It is clearly marked on the chart; if this position cannot be broken through, all rebounds can only be considered as 'warm-ups.' Only by breaking through this position with increased volume can the upward space truly open up.
Third, the current trading volume is shrinking. This is a double-edged sword: the advantage is that there isn't much selling pressure, making it hard to drop; the downside is that there isn't enough momentum to rise either, needing new buying interest or news to ignite it. The nearby order book also shows that there are relatively dense buy orders providing support around $12.68-$12.69, but there are also quite a few sell orders above, with both sides engaging in a tug-of-war in this narrow range.
Operation suggestions and future strategy (What should retail investors do?)
Radical: If you have a strong risk tolerance, you can establish a small position near the current price as a bottom position. But remember, the real point to increase your position must wait until the price breaks through and stabilizes above the $13.57 resistance level.
Conservative: You can definitely be patient and wait. Look for two signals: either follow up after a breakout above $13.57 with a retest that doesn't break below, or wait for the price to drop back to a strong support area. If you're unsure how to time it, you can follow Bai Yue, who will provide real-time analysis and suggest the best entry points in the village.
Bai Yue's personal opinion: Optimistic but with caution
My overall view leans bullish, but this 'bull' is not a mindless rush. The reason is simple: technically, there is a golden cross supporting the bottom, and fundamentally, there is value in the track that guarantees the bottom. However, the drawbacks are also evident: insufficient volume, and the key resistance level hasn't been broken. Therefore, I believe it is not the time to shout 'the bull market is taking off,' but rather we are in a stage of 'oscillation and accumulation, waiting for a decision.'
The market always has opportunities; the key is to operate calmly. Bai Yue will continue to help everyone monitor on-chain dynamics and move forward steadily together! Follow Bai Yue and participate in every attack of Bai Yue's villagers! Bai Yue will announce the specific entry times and real-time information in the village every day!
