1.6日BTC.ETH Geopolitical tensions continue to escalate, beware of false breakouts.
When geopolitical tensions escalate, big coin leveraged the trend to push upward yesterday, but this momentum typically doesn't last long. Unless the situation continues to deteriorate and conflicts escalate, risk-off sentiment can continue; however, once tensions ease, prices immediately reverse and decline, often resulting in "roller coaster" market action, rising as fiercely as it falls.
Currently, after rallying and pulling back, the BTC market exhibits a range-bound oscillation pattern. Technically, the uptrend is supported by bullish moving average alignment and engulfing patterns, but shrinking trading volume and RSI overbought signals indicate short-term pullback risk exists. Above, resistance is near 94800 strong level. If unable to break through effectively, this position may become the short-term top. Below, short-term support at 927-929, a break through would signal further decline.
BTC trading suggestion: Short 94200-94550 Add position 95300-95800 Target 927 breakdown look for 914$BTC #加密市场开年反弹
1.6日BTC.ETH Geopolitical tensions continue to escalate, beware of false breakouts.
When geopolitical tensions escalate, big coin leveraged the trend to push upward yesterday, but this momentum typically doesn't last long. Unless the situation continues to deteriorate and conflicts escalate, risk-off sentiment can continue; however, once tensions ease, prices immediately reverse and decline, often resulting in "roller coaster" market action, rising as fiercely as it falls.
Currently, after rallying and pulling back, the BTC market exhibits a range-bound oscillation pattern. Technically, the uptrend is supported by bullish moving average alignment and engulfing patterns, but shrinking trading volume and RSI overbought signals indicate short-term pullback risk exists. Above, resistance is near 94800 strong level. If unable to break through effectively, this position may become the short-term top. Below, short-term support at 927-929, a break through would signal further decline.
BTC trading suggestion: Short 94200-94550 Add position 95300-95800 Target 927 breakdown look for 914$BTC #加密市场开年反弹