Babies, it's time to watch the market! Just deeply analyzed the BTC 1-hour candlestick, with a triple resonance of technical, on-chain, and news factors. My intuition tells me: the bulls are about to charge!
Technical analysis: The price is repeatedly rubbing against the middle track of the BOLL (around 89040), which is a typical accumulation posture. The narrowing of the Bollinger Bands indicates that a trend change is imminent. The MACD fast and slow lines are brewing a golden cross above the zero axis; although the red bars are still long, signs of decay have appeared, and the signals of the bears running out of steam cannot be hidden!
On-chain data: Smart money is in action! Glassnode shows that whale addresses have net inflows of over 5000 BTC in the last 24 hours, and exchange reserves have dropped to a new low for the year. Liquidity exhaustion is often the fuse for explosive market movements.
News: The SEC's discussions on ETF expansion are heating up, with institutional FOMO sentiments brewing underneath. Coupled with optimistic expectations at the tail end of the macro interest rate hike cycle, market sentiment has warmed up from its freezing point.
In summary, I firmly believe the market will rise! The short-term first target is 92000, and after breaking through, we look to the 95000 resistance area. Don't wait until the price surges to slap your thigh; now is the time to set up ambushes, catch the rhythm, and we will enjoy the profits together!
Follow Xiang Ge for more firsthand information and precise points on cryptocurrency knowledge, becoming your guide in the crypto world; learning is your greatest wealth! #美联储降息 #ETH走势分析 $BTC
