After last night's fluctuations, Bitcoin has once again entered a consolidation range around 8.6. From a daily perspective, Bitcoin is clearly restricted by the middle track, forming a bearish engulfing pattern in the short term. Meanwhile, the MACD momentum shows signs of renewed strength, and the overall situation appears grim.
On the hourly chart, Bitcoin has once again found support around 8.5. As the competition settles, the momentum trend is slowing down, accompanied by a turning point in the moving average. The market has entered a consolidation phase. Pay attention to support near 8.5 in the early session; if it stabilizes, a long position could be attempted.
Bitcoin at 8.52-8.57, 8.7-8.8, with a stop at 8.45. The target range is 2760-2800, looking at 2860-2900, with a stop at 2750.
The recent trend of SOL has been relatively weak. From a daily perspective, the price is maintaining its position within the Bollinger Bands, with both MA5 and MA10 showing death cross signals. The MACD fast and slow lines remain near the 0 axis without any golden cross signs, and the subsequent tests will only support the downside.
On the 4-hour chart, SOL is clearly constrained by the middle track and is still continuing the downward channel. In the short term, watch for resistance at 130. Clear signs of reversal can be seen!
Reversal range is 129-132, watch for 124-120, and defend at 134.
The performance of the Big Pancake's meal pond is clearly below expectations. The Big Pancake mainly fluctuates in between, with a daily limit showing a five-day consecutive decline. Meanwhile, the K-limit has repeatedly hit the Bollinger Band's lower rail, and the MACD is gradually shifting towards the peak, further reflecting the weak sentiment in the stone factory.
On the hourly limit, the Big Pancake is hovering around the middle track of the Bollinger Band, and the price has failed to touch the Fibonacci 23.6 limit. If this weak performance continues, there is a high probability of further declines in the evening, and the Big Pancake could set up ambush positions in advance.
On the other hand, tonight there will be non-farm payroll data released, which will also impact the current situation and needs to be monitored.
The pancake is facing a certain level of bearish pressure in the short term. Yesterday was the worst performance, steadily holding on, and we won't elaborate further here. From an hourly perspective, MA7 and MA30 are showing a bearish arrangement. In the short term, the pancake has already broken below the lower Bollinger Band, further highlighting the current market's bearish dominance.
Short-term bearish momentum is showing clear signs of exhaustion, and prices near the lower Bollinger Band may receive some support. Early on, we should look at technical indicators.
Pancake 8.57-8.62 range, looking at 8.7-8.8, with a support level at 8.53. Instrument 2900-2950 range, looking at 3000-3050, with a support level at 2890.
SOL is currently leading the mainstream coins, with a slow rise in price. There is still room for further recovery in the short term, and it is expected that the price will reach around 134—136.
From the hourly perspective, SOL continues to exhibit a downward wedge structure, and the MACD is still running around the 0 axis. Compared to the previous period, momentum has decreased somewhat, but in the evening, we expect a rebound back to the highs.
The weekend lacks liquidity, and the pancake changes are not obvious. Currently still in a horizontal state. The white plate relies on the vicinity of 9 bay for support, looking at the oscillation rice pond. Pancake 9-9.02 is fluctuating, looking at 9.1-9.15, defending 8.93. The instrument is fluctuating between 3050-3100, 3160-3200, defending 3040.
Bitcoin surged back to Lu yesterday, the four-hour K limit is clearly constrained at the bottom, the EMA trend indicator is contracting, the K limit is oscillating around the indicator, MACD is decreasing in volume and increasing in holdings, the short limit is severely differentiated, DIF and DEA are forming a death cross, the lower Bollinger Band support at 89,300 USD is effective, the chart shows that Bitcoin's fluctuations are quite regular, relying on the support near 9, only holds, early support looks at the Bo rice pond for recovery.
Bitcoin 9-9.03 fluctuations, looking at 9.15-9.2, defend 8.93 Instrument 3020-3060 fluctuations, looking at 3150-3200, defend 3000