Empty for a day, successfully bought the dip again Price: approximately $1799, intraday low of $1790, 24H decline of 13.1%, weekly decline over 20%。
• Status: Extremely bearish, breaking through key levels at 2100, 2000, 1900, 1800 with no effective rebound.
• Market Sentiment: Fear index at 12 (extreme panic), over $950 million in liquidations in 24 hours, heavy forced liquidations in the futures market.
II. Key Drivers and Technical Analysis
• Core Trigger: US Treasury Secretary's statement of no market intervention, combined with simultaneous plunge in US stocks and precious metals, sharply reduced risk appetite, and intensified leverage liquidations.
• Technical Pattern: Daily candles showing continuous decline, far from moving averages; 4-hour chart in a downtrend channel, RSI oversold but lacking volume support, indicating a continuation of the downtrend rather than a reversal.
• Support/Resistance: Short-term support at $1700-$1800, strong support at $1665 (a key platform in 2024); resistance at $1900, $2000, and $2150, with selling pressure likely on rebounds.
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WaitingForMimiToFinishPlacing
· 15h ago
Celebrate a prosperous year ahead! Wishing you wealth and success before the New Year!
#捡钱
Empty for a day, successfully bought the dip again
Price: approximately $1799, intraday low of $1790, 24H decline of 13.1%, weekly decline over 20%。
• Status: Extremely bearish, breaking through key levels at 2100, 2000, 1900, 1800 with no effective rebound.
• Market Sentiment: Fear index at 12 (extreme panic), over $950 million in liquidations in 24 hours, heavy forced liquidations in the futures market.
II. Key Drivers and Technical Analysis
• Core Trigger: US Treasury Secretary's statement of no market intervention, combined with simultaneous plunge in US stocks and precious metals, sharply reduced risk appetite, and intensified leverage liquidations.
• Technical Pattern: Daily candles showing continuous decline, far from moving averages; 4-hour chart in a downtrend channel, RSI oversold but lacking volume support, indicating a continuation of the downtrend rather than a reversal.
• Support/Resistance: Short-term support at $1700-$1800, strong support at $1665 (a key platform in 2024); resistance at $1900, $2000, and $2150, with selling pressure likely on rebounds.