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#数字资产动态追踪 The signals on the 1-hour chart are very clear—I see that $BTC is maintaining a short-term oscillating downward trend. Don't be fooled by the rebound that pulls prices up.
From a technical perspective, several details clearly illustrate the situation. The Bollinger Bands have already opened downward, and the price is firmly pressed below all moving averages. Both MA7 and MA30 have been broken, which is a standard bearish alignment. After the MACD formed a death cross, the green bars below continue to expand, indicating that the bearish momentum shows no signs of weakening.
The resistance level has been moved to around 91209-93300. As long as the rebound does not break through this range, it is mostly a trap for the bulls—don't be fooled.
I have been monitoring on-chain data all day. Large inflows into exchanges have not stopped, indicating whales are gradually distributing their holdings. But the problem is, there’s nothing on the other side to absorb the sell-off. The news sentiment is also very cold—no signs of institutional-level positive news, and macro factors lack catalysts. It’s purely market sentiment holding up this trend, which clearly can’t last long.
Recalling last week, I told everyone "Don’t chase the top, wait for a second bottom," and the current movement perfectly aligns with my judgment. Don’t rush to buy the dip. The first support is at 91600 (Bollinger lower band). If it breaks with increased volume, look at the 90500 level next.
In the crypto world, the biggest fear isn’t a bad market, but going against the trend. My approach remains unchanged: if you’re currently holding no position, just watch the show; if you have holdings, reduce your position during rebounds. The real opportunity comes when the market is in complete panic—that’s when we have a big window to pick up chips.
Patience and waiting are the profits themselves. Join me in waiting for that signal to arrive.