Eagle 🦅 Catches Crypto Token Name: $BTC #BTC Current Price: $112,498 USD Resistance Levels (Short-Term Profit Targets): $113,500 / $115,500 Support Levels (Short-Term Entry/Add-on Positions): $110,000 / $109,600 Technical/Event-Driven/Market Sentiment (Key) Analysis: Technical: 4H/Daily charts show neutral oscillation, RSI~45 (not oversold), MACD weak; Weekly/Monthly charts are bearish to neutral, with downside risk to $103,752 (weekly Bollinger lower band), but overall buy signals are strong. Event-Driven: Fed's October rate cut but Powell's hawkish comments caused volatility; after the October crash (down 14%), gold prices declined, benefiting BTC as a safe haven; no major positive events, macroeconomic uncertainty dominates. Market Sentiment (Key): Sentiment on X is low, with the Fear & Greed Index at 24-51 (fear/neutral), indicating a misjudgment of stability by market participants. Changes in the chip distribution structure: Long-term holders saw a surge of 122,000 BTC in monthly distribution (increased selling pressure), while short-term holders are returning to profits (whales are shifting positions). Weakening demand could lead to further declines but also presents a reversal opportunity. Trading Recommendations: Short-term (4H/Daily): Low sentiment + selling pressure, hold and observe; buy/add to positions if $110k support holds, sell with a stop-loss if it breaks down. Medium-to-long-term (Weekly/Monthly): Considering the LTH distribution, the overall signal is buy. The low sentiment is an accumulation period; buy on dips and hold, with a target of $120k+.
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