The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.
Currently, market sentiment has clearly weakened. Bitcoin has failed to effectively break through the strong resistance area of 113,000-113,300, forming a false breakout pattern, indicating a depletion of bullish momentum. The continuous shrinkage in trading volume has created a divergence between volume and price, and the market lacks support from new funds.
Bitcoin's volatility has compressed to a multi-month low, and this calm often precedes significant market movements. The market is waiting for the U.S. September inflation data (to be released on September 11) and the Federal Reserve's interest rate decision (to be released on September 17) to provide directional breakthroughs. The market generally bets that the Federal Reserve will cut interest rates by 25 basis points. These events are likely to become key catalysts to break the current deadlock.
From a technical perspective, a weak pattern dominates. The dark cloud cover pattern and the death cross of the moving average system have formed a strong bearish resonance, and the extreme shrinkage in trading volume further weakens the rebound momentum. The MACD daily momentum is strengthening, while the 2-hour short-term remains strong. The EMA daily trend has shifted from weak to strong, and the short-term trend has become clear.
Suggested trading range for Bitcoin: Enter in batches within the range of 109,500-110,500, targeting 112,500-113,000.
According to the current situation, the market is in a critical technical point of fluctuation, waiting for guidance from significant macroeconomic data. Pay close attention to the PPI data to be released tonight!
As of the time of writing, the current price is around 4,300, showing a weak fluctuation pattern similar to Bitcoin. From a technical perspective, a weak pattern dominates. The dark cloud cover pattern and the death cross of the moving average system have formed a strong bearish resonance, and the extreme shrinkage in trading volume further weakens the rebound momentum. The MACD daily trend direction remains unclear, while bullish information appears on the 2-hour chart, and the EMA 2-hour short-term moving average is trending upwards, indicating further upward opportunities.
Trading range for Bitcoin: Enter in batches within the range of 4,240-4,280, targeting 4,350-4,400.
Due to the time-sensitive nature of price points, there may be delays in post reviews; specific operations should be based on real-time market conditions. The above trading range analysis is for reference only. The cryptocurrency market is highly risky, so please manage your risk and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.
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