#美国消费者物价指数发布在即 This round of market activity is indeed cleaning up the shorts—the entire month's narrative has been to buy on dips, with little vitality in short positions. The big rebound has already been realized, and all XDM holders should have benefited well. Bitcoin has been long from 89,000, and this wave has definitely been profitable. But be cautious—upward space is running out, and it might be time to consider short positions on the medium term.
What is the engine driving the rally? Positive economic data has pushed the market higher with the wind at its back. But there's a detail—breakthroughs to new highs are narrowing, shrinking from the previous 4,000-5,000 points to around 2,000 points now, clearly indicating that upward momentum is waning. However, the trend itself has not reversed, and there are still opportunities for further highs.
Bitcoin daily chart: consecutive bullish days breaking previous highs, MACD red bars expanding, EMA bullish alignment looks very clean, RSI has already broken 70, indicating a strong pattern.
Switching to the hourly level: around 97,000 is oscillating, MACD bullish momentum is above zero but showing signs of weakening, RSI has surged to 75 approaching overbought territory, with obvious pullback pressure. Support from EMA depends on the performance of the 7-day and 30-day moving averages.
Strategy plan:
Bitcoin: 1. Long entry at 95300-95700, stop loss at 94500, target 98200-99000 2. Short entry at 98900-99500, stop loss at 10000, target 96600-95800
Ethereum: 1. Long at 3280-3300, stop loss at 3240, target 3580-3620 2. Short at 3550-3600, stop loss at 3620, target 3380
The overall approach is to focus on long positions, but be cautious of the risk of a correction on the hourly chart.
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BoredApeResistance
· 12h ago
The signals of momentum decay are indeed flickering, and this bullish run is about to end.
Eating profits is fine, but don't be greedy.
When RSI breaks 70, it's time to think about the next move; overbought signals are right here.
There really is a chance for a short around 98900; gotta short it.
It's true that the momentum is narrowing; I also feel that this upward strength is different.
The bullish pattern is still stable, but be cautious of a pullback.
CPI data is coming; this is the key. The current layout might be a bit early.
Why has 97000 been oscillating for so long? It feels like someone is blocking the order book.
I stand with the bulls at 95300; let's see if we can break 98k.
Trying Ethereum at 3300 here, no greed.
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AirdropChaser
· 12h ago
The bullish momentum for Bitcoin has weakened, and it's time to step out and get some fresh air.
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FrogInTheWell
· 12h ago
Eating at 89,000 until now has been pretty good, but the momentum decay is obvious... The 2000-point increase is really a bit weak.
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NftRegretMachine
· 12h ago
The shorts have really been wiped out. Isn't it great to be on the winning side of this rally, everyone?
#美国消费者物价指数发布在即 This round of market activity is indeed cleaning up the shorts—the entire month's narrative has been to buy on dips, with little vitality in short positions. The big rebound has already been realized, and all XDM holders should have benefited well. Bitcoin has been long from 89,000, and this wave has definitely been profitable. But be cautious—upward space is running out, and it might be time to consider short positions on the medium term.
What is the engine driving the rally? Positive economic data has pushed the market higher with the wind at its back. But there's a detail—breakthroughs to new highs are narrowing, shrinking from the previous 4,000-5,000 points to around 2,000 points now, clearly indicating that upward momentum is waning. However, the trend itself has not reversed, and there are still opportunities for further highs.
Bitcoin daily chart: consecutive bullish days breaking previous highs, MACD red bars expanding, EMA bullish alignment looks very clean, RSI has already broken 70, indicating a strong pattern.
Switching to the hourly level: around 97,000 is oscillating, MACD bullish momentum is above zero but showing signs of weakening, RSI has surged to 75 approaching overbought territory, with obvious pullback pressure. Support from EMA depends on the performance of the 7-day and 30-day moving averages.
Strategy plan:
Bitcoin:
1. Long entry at 95300-95700, stop loss at 94500, target 98200-99000
2. Short entry at 98900-99500, stop loss at 10000, target 96600-95800
Ethereum:
1. Long at 3280-3300, stop loss at 3240, target 3580-3620
2. Short at 3550-3600, stop loss at 3620, target 3380
The overall approach is to focus on long positions, but be cautious of the risk of a correction on the hourly chart.