BTC87800 level, "The cycle of heaven and earth" Have you bottomed out?



US stocks plummeted across the board, gold surged dramatically, and the crypto market became as deep as the sea overnight. ETH dropped from above 3200 to 2910, nearly a 300-point decline. How many can withstand such a drop? BTC fell from around 928 to 878, a 5000-point move.

BTC shows a significant downward trend on the 4-hour K-line, with bears currently dominating. The moving average system is in a bearish alignment, the price has broken below major moving averages and formed a death cross. This trend signal is further confirmed by extremely shrinking trading volume, indicating very low participation and a lack of strong buying interest.

When the level of panic reaches a certain point, silent buying enters the market, and retail investors are hesitant to act impulsively.

BTC trading suggestion: buy at 882-886, defend at 874, target 90400. Breakthrough to watch for 908-914.

ETH trading suggestion: buy at 2915-2934, defend 50 points, target 2995. Breakthrough to watch for 3030-3070.
BTC0,41%
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