BTC has been hovering around the 90,000-dollar mark for almost a week now, hasn't it? The Bollinger Bands are so narrow that volatility is being squeezed tightly. From a technical perspective, the MACD shows signs of wanting to turn upward, and the KDJ is also starting to bend, but honestly, this market situation is really hard to predict — is it holding back for a big move or waiting to strike downwards?
Tonight, there's a dense schedule of data from the US. At 21:30, the initial jobless claims data will be released, with market expectations jumping to 220,000. Additionally, September's trade deficit data is expected to widen again. Moreover, wholesale sales and EIA natural gas inventory reports will also be released. Once these data come out, market sentiment will likely fluctuate again.
Brothers preparing to act can pay attention to these data points—don't blindly go all-in. When the direction isn't clear, a light position to test the waters is always better than being heavily invested and getting caught.
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TopBuyerBottomSeller
· 6h ago
I've been holding it in for a week, my heart is about to break, just waiting for tonight's data to give me a satisfying result.
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WalletManager
· 12-11 13:55
The Bollinger Bands are squeezing so tightly, I'm actually waiting to see if the US data tonight will cause a explosion. The 90,000 level is honestly just a liquidity game point; a MACD uptick isn't necessarily genuine, it depends on whether the trading volume supports it. It's wise to test the waters with a light position, but going all-in at this critical juncture is indeed prone to a reversal. Keep your private keys secure; we'll see how the market moves later.
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NeonCollector
· 12-11 13:55
The Bollinger Bands squeezing this tightly is indeed uncomfortable. I actually think this kind of situation is most likely to break apart with a quick snap.
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BakedCatFanboy
· 12-11 13:52
The Bollinger Bands are so narrow that it feels suffocating, either it's the silence before a big move or a fake breakout trap.
The harder it is to predict, the more you shouldn't move. With so much data coming out tonight, it will definitely cause a spike.
Small positions are the way to go. Brothers with heavy holdings should be thinking about how to cut losses now.
MACD is turning upward and KDJ is turning, sounds impressive, but honestly, who can guess correctly?
As soon as these few data points come out during the US session, I’ll just watch the show. Wait until the trend is clear before making any moves.
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UnluckyValidator
· 12-11 13:40
Really, this kind of market situation is the most uncomfortable. The Bollinger Bands are almost touching each other, it feels like waiting for a fuse to be lit.
Will the data push the market down or rally it up? Who knows, I'm just observing with a light position.
BTC has been hovering around the 90,000-dollar mark for almost a week now, hasn't it? The Bollinger Bands are so narrow that volatility is being squeezed tightly. From a technical perspective, the MACD shows signs of wanting to turn upward, and the KDJ is also starting to bend, but honestly, this market situation is really hard to predict — is it holding back for a big move or waiting to strike downwards?
Tonight, there's a dense schedule of data from the US. At 21:30, the initial jobless claims data will be released, with market expectations jumping to 220,000. Additionally, September's trade deficit data is expected to widen again. Moreover, wholesale sales and EIA natural gas inventory reports will also be released. Once these data come out, market sentiment will likely fluctuate again.
Brothers preparing to act can pay attention to these data points—don't blindly go all-in. When the direction isn't clear, a light position to test the waters is always better than being heavily invested and getting caught.