0x27 Running Log: $68,000 "Kinetic Game" at the Critical Juncture Before Major Delivery
Good morning. On the morning of the delivery day, the market has fallen into a subtle stagnation after a significant drop in volume. BTC attempted to find support at $68,153 last night and is currently undergoing weak consolidation near the key level.
1. Core Facts (The Facts)
BTC Price: $68,831.49 (-3.50%). Lowest Point $68,153.00.
ETH Price: $2,060.29 (-5.03%).
Key Signals: [High Confidence] The 1-hour BTC MACD shows that although DIF and DEA are still below the zero axis, the red bearish momentum bars (Histogram) have begun to slightly shrink from their peak.
Technical Position: BTC is running close to the lower Bollinger band ($67,532), far below the middle band ($69,355).
2. Logic Rehearsal (The Logic)
Bearish momentum deceleration: The shrinkage of the momentum bars indicates that the collective selling pressure in the short term has eased, and the market has entered a mood repair period after being oversold.
Major Delivery Game: The Deribit monthly major delivery at 16:00 today (UTC+8) is the biggest variable. The current momentum contraction seems to indicate that both bulls and bears have reached a temporary "ceasefire agreement" near $68,000, all waiting for the delivery to come.
3. Key Outlook (Upcoming Events)
16:00: Deribit Major Delivery (Peak Volatility).
20:30: U.S. Core PCE Index for February. The market is extremely fragile, and the bearish (persistent inflation) or bullish (in line with expectations) PCE data will directly determine the direction of the market post-delivery.
4. Execution Suggestions (Action)
Short-term Observation: Closely monitor whether the 1-hour MACD red bars can shrink to the zero axis and show green bullish momentum bars, which is the first signal for confirming a rebound.
Prudent Operation: Maintain the "pre-delivery silence" strategy. The current momentum contraction only indicates "no further decline," and does not equate to "a significant rise." Continue to hold spot positions; leverage entry should wait until after delivery.
☕ Essay:
At the narrow gate of $68,000, every bit of momentum contraction is a spark for the bulls to attempt a counterattack. Don't chase price fluctuations in the fog; understanding the chip game is far more important than understanding price. See you in the afternoon.
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