However, the long upper shadow appeared on the 4-hour chart, and the daily line has already reached the pressure near the middle band of the Bollinger Bands. The shrinking trading volume and weakening momentum all indicate that there is selling pressure above.

Bitcoin under the expectation of the Federal Reserve's interest rate cut: Can liquidity drive a new round of market trends?

Investment carries risks; proceed with caution when entering the market.

Sharing of key resistance and support levels

Bearish

Li Hui believes that investing is actually a long process of self-management! It's difficult to understand, gets stuck in emotions, breaks down in action, becomes lazy in dependence, is quick in independence, gets chaotic in pulling others in, profits in following the right people, and suffers in going solo.

"Peter Lynch tells us that investing without research is like playing poker without looking at your cards; it is bound to fail! No matter what your background is, I, Hongjie, will do my utmost with my expertise."

A calm mindset is key. Do not be arrogant or impatient, do not blindly follow trends, use wisdom and composure to steer the ship of wealth towards the shores of success.

A calm mindset is key. Do not be arrogant or impatient, do not blindly follow trends, use wisdom and composure to steer the ship of wealth towards the shores of success.

Do not be disturbed in your heart, do not be trapped by emotions. Only by strategizing from within can one achieve victory from a thousand miles away. Among the three thousand weak waters, only take one ladle; take what you need, do not be greedy, do not seek conflict. Be able to give and take freely, and with steady control, you will secure victory.

Do not be disturbed in your heart, do not be trapped by emotions. Only by strategizing from within can one achieve victory from a thousand miles away. Among the three thousand weak waters, only take one ladle; take what you need, do not be greedy, do not seek conflict, be flexible in your approach, and maintain a steady hand to secure victory.

From a technical perspective, the daily chart shows that the price has been rising continuously, forming multiple bullish candles. The hourly chart presents a fluctuating upward trend, with the lows gradually rising and the highs continuously testing integer levels.