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1. Global macro bearish news: The biggest suppression in today's market comes from the escalation of geopolitical conflicts in the Middle East, the new round of US airstrikes on Iran, and the collective sale of high-risk assets such as cryptocurrencies by safe haven funds. Last night, the US Nasdaq fell 1.47%, semiconductors plummeted across the board, and Coinbase fell synchronously, bringing sustained bearish pressure to the entire cryptocurrency circle. The combination of hawkish speeches by Federal Reserve officials, delayed expectations of interest rate cuts, and the strengthening of US dollar and bond yields continue to suppress bullish sentiment in cryptocurrency assets, which is a macroeconomic bearish trend that runs throughout the day. The differentiation of funds has intensified, with a slight net inflow of 79.1 million into BTC spot ETFs yesterday, but a net outflow of 28 million from ETH spot ETFs. ETH has emerged from an independent and resilient market, once again disconnected from BTC's trend; The overall spot trading volume in the market continues to be sluggish, with obvious characteristics of the game between existing funds. Institutions switch between high and low levels, with only short-term large and retail investors retaining bullish expectations, and incremental funds completely absent.
2. Technical naked K+BOLL indicator: 4-hour level reversal, short-term moving average turning downward, price stabilizing at the lower Bollinger Bands, opening a small repair; But the daily level is still weak, and the price of the currency has fallen below the 7-day moving average, below the middle band of the Bollinger Bands, with a severe downward trend in multiple cycles. Key interval reference: Upper pressure range of 1865~1885 (strong pressure zone of Bollinger Bands), lower support range of 1780-1750 (lower limit of daily key Bollinger Bands, falling below it will open up a new round of downward space). Today, the geopolitical bearish sentiment continues to ferment, and there are slight signs of downward expansion at the opening of the Bollinger Bands, indicating that the downside risk has not been relieved.
3. Practical operation suggestions
Multiple bearish factors have significantly increased the difficulty of short-term operations today. Double directional fluctuations of large and small fluctuations can be triggered at any time. Heavy positions are strictly prohibited and light positions should be traded in line with the trend. Priority should be given to waiting for pressure/support levels to confirm effective breakthroughs before entering the market.
For those who cannot understand the trend and cannot grasp the precise high and low points, come directly to the live broadcast room to monitor the market in real-time all day long, analyze geopolitical news and Bollinger and moving average signals in real time, and accurately capture opportunities to buy the bottom and touch the top!
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
