The current price of 108,665.5 USDT is being jointly suppressed by the Bollinger Band middle line (108,516.7), the 30-day moving average (108,614.4), and the 7-day moving average (108,540.5), forming a clear resistance zone. The price level of 108,600 has become the dividing line between bulls and bears, with selling pressure accumulating around 17.3K BTC at 108,700, and a breakout without volume may indicate a trap.
2. Trading volume has significantly shrunk.
The trading volume has dropped to 5.72 million, lower than the 5-day average of 7.26 million, indicating that the market has entered an unusually calm state, which typically signals that significant volatility is about to occur.
3. Key support levels need to be closely monitored.
The 108,000 integer level and the lower Bollinger Band ( 108,240.90 form a double support. If these two defensive lines are broken, the price may accelerate its decline to the 105,000 area.
Catalysts from news.
Tonight, the Federal Reserve will announce its interest rate decision, and investors should pay special attention to two key points: - The hawkish adjustment that may appear in the dot plot (especially if the expectation for interest rate cuts in 2025 is less than 2 times) - The "higher for longer" statement that may appear in Fed Chairman Powell's speech
The market has shown明显的避险迹象： - Mainstream cryptocurrencies are performing weakly, with Ethereum down 0.39% and Solana only slightly up 0.11%. - The decline in small market cap coins is more pronounced, with MASK plummeting by 3.32% and AXL decreasing by 2.16%.
Comprehensive analysis:
From a technical perspective, the divergence between volume and price, multiple pressure resonances, and liquidity exhaustion are accumulating downward momentum; from a fundamental perspective, the Fed's hawkish expectations and the market's risk-averse sentiment may trigger a significant adjustment. On-chain data shows that there is approximately $2.04 billion in liquidation capacity below 105,000, and touching this range may trigger a chain reaction.
The market is currently under extreme pressure testing conditions, and the actual volatility may exceed expectations, so investors need to remain vigilant.
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Technical Analysis:
1. Multiple resistance levels limit upward space
The current price of 108,665.5 USDT is being jointly suppressed by the Bollinger Band middle line (108,516.7), the 30-day moving average (108,614.4), and the 7-day moving average (108,540.5), forming a clear resistance zone. The price level of 108,600 has become the dividing line between bulls and bears, with selling pressure accumulating around 17.3K BTC at 108,700, and a breakout without volume may indicate a trap.
2. Trading volume has significantly shrunk.
The trading volume has dropped to 5.72 million, lower than the 5-day average of 7.26 million, indicating that the market has entered an unusually calm state, which typically signals that significant volatility is about to occur.
3. Key support levels need to be closely monitored.
The 108,000 integer level and the lower Bollinger Band ( 108,240.90 form a double support. If these two defensive lines are broken, the price may accelerate its decline to the 105,000 area.
Catalysts from news.
Tonight, the Federal Reserve will announce its interest rate decision, and investors should pay special attention to two key points:
- The hawkish adjustment that may appear in the dot plot (especially if the expectation for interest rate cuts in 2025 is less than 2 times)
- The "higher for longer" statement that may appear in Fed Chairman Powell's speech
The market has shown明显的避险迹象：
- Mainstream cryptocurrencies are performing weakly, with Ethereum down 0.39% and Solana only slightly up 0.11%.
- The decline in small market cap coins is more pronounced, with MASK plummeting by 3.32% and AXL decreasing by 2.16%.
Comprehensive analysis:
From a technical perspective, the divergence between volume and price, multiple pressure resonances, and liquidity exhaustion are accumulating downward momentum; from a fundamental perspective, the Fed's hawkish expectations and the market's risk-averse sentiment may trigger a significant adjustment. On-chain data shows that there is approximately $2.04 billion in liquidation capacity below 105,000, and touching this range may trigger a chain reaction.
The market is currently under extreme pressure testing conditions, and the actual volatility may exceed expectations, so investors need to remain vigilant.