This morning, a large pancake (big bet) dumped a wave of tests and support—dropping from around 60,000 to 58,300, then held. After that, it oscillated and rebounded all the way, with the highest reaching 60,700. Now it’s stable around 60,400.
$BTC
This drop was right at the previous low, with it catching the sell-off just above 58,000. During the rebound, the trading volume also gradually increased. On the hourly chart, all the candles are bullish with lower wicks—clearly there’s capital quietly accumulating at low levels. The shorts don’t have much dumping power left.
From the market action, things look like they’re gradually improving. Price has broken above the two short-term moving averages on the 4-hour chart, and the short-term bottom support has held. There’s still significant resistance above in the 60,700 to 61,200 range, but the lows are being lifted step by step.
If price can hold in the 60,000–60,300 area and then rally with volume to break through 60,700, the hourly chart double-bottom pattern can be confirmed. The next rebound could then target 61,500 to 62,000.
For strategy: go with a pullback buy mindset. If it drops to 60,000–60,300, you can try a long position with a small size; place the stop-loss below 59,500. Wait for a solid breakout above the 60,700–61,200 resistance zone, then add to the position and follow the trend.
One more thing: this time, the PCE inflation data hit a three-year high—market pressure hasn’t fully disappeared. For any trade, you must use a stop-loss, and control your position size—don’t go all-in.
Keep watching: LAB BSB SKYAI TAG BABY BR
#币圈 #ETH #BTC #加密市场回暖
$BTC
This drop was right at the previous low, with it catching the sell-off just above 58,000. During the rebound, the trading volume also gradually increased. On the hourly chart, all the candles are bullish with lower wicks—clearly there’s capital quietly accumulating at low levels. The shorts don’t have much dumping power left.
From the market action, things look like they’re gradually improving. Price has broken above the two short-term moving averages on the 4-hour chart, and the short-term bottom support has held. There’s still significant resistance above in the 60,700 to 61,200 range, but the lows are being lifted step by step.
If price can hold in the 60,000–60,300 area and then rally with volume to break through 60,700, the hourly chart double-bottom pattern can be confirmed. The next rebound could then target 61,500 to 62,000.
For strategy: go with a pullback buy mindset. If it drops to 60,000–60,300, you can try a long position with a small size; place the stop-loss below 59,500. Wait for a solid breakout above the 60,700–61,200 resistance zone, then add to the position and follow the trend.
One more thing: this time, the PCE inflation data hit a three-year high—market pressure hasn’t fully disappeared. For any trade, you must use a stop-loss, and control your position size—don’t go all-in.
Keep watching: LAB BSB SKYAI TAG BABY BR
#币圈 #ETH #BTC #加密市场回暖