Crypto Zhongliang: 9.14 low positions as the main focus, BTC hovering at high levels, gathering momentum for a breakout!

CN
32 minutes ago

Recently, the market has focused on US inflation data and Federal Reserve policy expectations. After the CPI data was released, the market's long and short positions quickly widened, intensifying the short-term shakeout trend. Inflation data has repeatedly disturbed treasury yields and the US dollar's movements, with the cryptocurrency market experiencing violent fluctuations following macroeconomic news. Major players have taken advantage of the data window to repeatedly target and clean out retail investors' positions. Although the short-term volatility is significant, the mid to long-term bullish structure has not suffered substantial damage, and the market remains in a high-level consolidation phase.

Looking back at last Friday's overall market situation, the trend was filled with ups and downs. After the CPI data was released, prices initially dipped before reversing sharply in a V-shape, then later in the night, a typical deep shakeout occurred with a reverse V decline. The overall trading strategy last week adopted a main long and auxiliary short approach, successfully capturing profits in both directions. BTC positioned high shorts in the 79500-80000 resistance zone, subsequently buying back long positions at the 77000 support level, profiting through high selling and low buying. ETH shorted at a high of 2510, falling to a low of 2420 before reversing to buy long, yielding significant profits in both directions.

From a weekly indicator perspective, although BTC closed with a bearish candlestick, the MACD still maintains a golden cross and is running upwards, with bullish momentum not showing signs of significant decline. The RSI indicator has turned upwards, solidifying the bullish trend's foundation. On the daily level, after a prolonged severe contraction, the Bollinger Bands are gradually flattening, with the oscillation range continuously converging. The KDJ and RSI indicators are synchronously turning upwards, and the MACD's bearish momentum continues to shrink, indicating signs of stabilization and recovery from a technical standpoint.

My view remains unchanged: as long as the price does not effectively break below the 75000 key support level, the overall bullish structure remains intact. The market has seen multiple downward probes recently, but after each decline, prices quickly recover, with high-level fluctuations typical of a consolidation phase where major players digest floating positions, waiting for a subsequent volume-driven direction choice.

Last Friday midnight, a low long layout was proposed in the 77000-76000 support area; the market dipped to a low of 76300 but soon stopped falling and rebounded. Current long positions can continue to be held, showing unrealized profits. For investors who are flat, this support range is still valid, and pullbacks can still be taken as opportunities to long. Watch for pressure at 78000, 79000, and 80000 above.

ETH provided a low long strategy in the 2500-2450 support area, with the market dipping to a low of 2460, providing an ideal entry point. Current long positions can continue to be held, with upward pressures at 2530-2600-2660, and for those who have yet to enter, there are opportunities to build long positions near the support.

In a fluctuating market, it is important to avoid chasing after spikes or panicking during sudden drops. After a large rise, do not blindly chase longs; after a sharp drop, do not panic and sell shorts. Patiently wait for prices to test critical support before positioning, grasp reasonable entry points, strictly control risks, and maintain a steady mindset to steadily reap profits amid repeated fluctuations. For more real-time market analysis and guidance, follow the official account: Zhongliang BN

⚠️Friendly reminder: The above content is only a personal market review analysis and does not constitute any investment advice.

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