1-hour price trend: sideways

1. Overall Analysis
The price has been fluctuating upwards recently, finally closing at 87687.7.
• In the short term, despite the overall upward trend, the rapid decline of the short-term moving average (MA7) and the situation where the price is below the moving average indicate that the short-term market still faces strong downward pressure. This may mean that there is still a risk of adjustment in the price in the short term.
• In the medium term, the long-term moving average (MA30) is flat and starting to turn downwards, indicating a weakening trend in the medium term. This may suggest the possibility of a pullback or sideways consolidation after breaking new highs.
• Support and resistance analysis indicates that 81423.4 is a key support level. If the price falls below this level, it may intensify the downward pressure on the market; while the resistance levels at 90878.0 and 92759.3 above, if the price can effectively break through, the bulls may regain dominance.
• Suggestion: In the current market environment, it is advisable for investors to be cautious about short-term adjustment risks. For short-term investors, they can pay attention to
The situation of breaking through the resistance of 90878.0, confirming whether the upward momentum after the breakthrough is sufficient. Medium and long-term investors can wait for the market to stabilize, observe whether the price can hold above the support level of 81423.4, and judge whether to continue holding or adding positions. At the same time, it is recommended to pay attention to whether there are new policies or news affecting the market, and adjust the strategy in a timely manner.
2. Technical Analysis
K-line pattern: The price forms a double bottom pattern and breaks through the previous high, indicating an increase in bullish strength.
• MA: Short-term moving average is declining rapidly, long-term moving average is flat and turning downwards, indicating market weakness and the possibility of accelerating decline.
3. Potential Buying and Selling Points
• Buy Point: 84600 USDT (close to the recent low and at a key support level, may have rebound momentum)
• Long stop loss point: 81400 USDT (close to the last formed support of 81423.4, breaking below may trigger a larger downside space)
• Sell point: 90800 USDT (approaching the important resistance level of 90878.0, with selling pressure from previous highs)
• Short position stop loss point: 92800 USDT (confirm bullish strength after breaking through the previous high of 92759.3, stop short)#2024 Q4季度 GT 销毁完成 #白宫加密峰会 #行情震荡下的投资策略