On the 4-hour chart of the big coin, after the price declined, it found support around the 58,100 level and rebounded, but the rebound strength is limited. The latest candlestick is a small real-body candle with relatively long upper and lower wicks, indicating a balance of short-term forces. The market has entered a period of consolidation.
Both the DIF and DEA are operating deeply below the zero line, suggesting the market is in a 🈳 downtrend. The latest DIF crosses above the DEA to form a golden cross, and the MACD histogram bars have turned from negative to positive, showing some rebound momentum in the short term. However, be alert that this rebound could be a retracement within a continued downtrend.
Trading suggestions:
Big coin: move down from 60,500–60,000, targeting 59,000–58,000
Second coin: move down from 1,600–1,570, targeting 1,450–1,350
Bitcoin (4-hour chart): Recently, there has been a bearish candle with a long lower shadow, indicating that buy support exists around the 58,100 area. However, the most recent bullish candle has an upper shadow, suggesting that selling pressure from above is still present. The MACD indicator: both DIF and DEA are below the 0 axis, DIF is below DEA, and the MACD histogram is negative, indicating that the bearish trend remains strong.
Trading suggestions:
Bitcoin: Sell/break down from 60,500–60,000 southbound, target 58,600–57,600
Altcoin (second one): Sell/break down from 1,600–1,570 southbound, target 1,450–1,350
Although the Big Cake entering the market is a bit aggressive, at least it’s still within the defensive range—why not take this 3000-point room? The Second Cake also has 120 points!
On the 4-hour chart, prices have been consistently trending downwards. The current candlestick has closed at the lowest point, with multiple candles showing long upper wicks, indicating heavy selling pressure above. Both the MACD's DIF and DEA are operating below the zero line, with the DIF persistently below the DEA. The MACD histogram is negative and continues to widen, suggesting that the market is in a strong bearish trend.
Trading Suggestions:
BTC: Short from 61500-61000, targeting 59500-58500
Recently, the candlestick chart shows a small bullish candle after a sharp drop, with trading volume decreasing, indicating that the market may have temporarily stopped falling at a low point, but there's no clear reversal signal. It leans more towards a continuation of the downward trend. Technical indicators like MACD, DIF, and DEA are all operating below the zero line, and the DIF continues to cross below the DEA. The MACD histogram is in the negative zone and expanding, indicating a strong downward trend with sufficient bearish momentum.
Trading Suggestions:
Bitcoin: Short from 63500-63000, targeting 61500-60000.
Altcoin: Short from 1700-1670, targeting 1550-1450.
On the 4-hour chart, after the recent price action oscillating between 64000-65000, we’ve seen a series of bearish candles. The selling pressure is clearly dominating. The latest candlestick shows a small body with extremely low volume, indicating that after a short-term drop, the market is now consolidating. The MACD's DIF line and DEA line are both declining rapidly, and the MACD histogram continues to shrink, signaling a loss of bullish momentum and an impending death cross, which suggests a weakening trend in the short term.