By Ziyu
The surge in value isn’t solely driven by whales—it’s built on market supply and demand. A single rally or dip doesn’t define future trends, but historical insights can help us seize opportunities. Whether in a bull or bear market, profits slip away if you lack the right strategies to hold onto them.
Market Analysis
Yesterday’s Recap
Bitcoin experienced a sharp 1,600-point drop, marking its first deep correction after peaking near $12,150. This pullback is a necessary consolidation phase, followed by sideways movement near $10,930—locking in a 220-point profit for overnight positions.
Technical Indicators
4-Hour Chart
- Bollinger Bands: Upward momentum slows; price hovers below the midline.
- MACD: Dead cross above 0 axis weakens; bearish volume declines.
- KDJ/PSY: Lines converge upward; sentiment neutral at 50.
Conclusion: Rebound likely.
1-Hour Chart
- Bollinger Bands: Flattening; price nears midline.
- MACD: Minor golden cross below 0 axis; bullish volume emerges.
- KDJ/PSY: Lines dip to 41.7, signaling short-term correction.
Overall: The drop hasn’t broken the uptrend. Expect volatile consolidation—prioritize short-term trades.
Key Levels
Resistance
- $11,260 (Immediate)
- $11,450
- $11,600
Support
- $10,930 (Critical)
- $10,850
- $10,600
Range: $10,850–$11,260 (Until breakout)
Trading Strategy
👉 Maximize your gains with strategic entries
Short Positions
- Sell Zone: $11,260–$11,450
- Stop-Loss: $11,620
- Target: $11,100
Long Positions
- Buy Zone: $10,930–$11,000
- Stop-Loss: $10,750
- Target: $11,350
Pro Tip: Use "near" (±10 points) and "scaled" entries. Set trailing stops immediately.
FAQ
Q: Is Bitcoin’s uptrend intact?
A: Yes—despite the dip, key supports held. The $12,000 target remains viable.
Q: How to manage risk in volatile markets?
A: Tight stop-losses and partial positions reduce exposure.
Q: When might Bitcoin break $11,260?
A: Watch for volume spikes. A close above this level could signal renewed momentum.
Final Note: Adapt to real-time shifts. Extreme scenarios will trigger alerts. Stay nimble!
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