Morning Trend | BMNR fluctuates with reduced volume, is the main force's unusual movement brewing a short-term opportunity?
BitMine Immersion Tech (BMNR.US) has recently been hovering at a low level with reduced trading volume, and the market sentiment appears somewhat hesitant. Yesterday, trading was quiet, with occasional large orders showing unusual movements, but overall capital has not yet fully exerted itself. Feedback from the community indicates that some short-term funds have recently begun to test positions, with a clear tentative layout. FOMO sentiment is gradually rising among stocks that are experiencing a rebound. Technically, BMNR has been closing near important moving averages for several consecutive days, with prices lingering between upper resistance and lower support levels, suggesting a silence before a potential storm. Recently, the volatility of Bitcoin and mainstream digital currencies has intensified, and the passionate atmosphere within the sector occasionally spreads. BMNR's performance elasticity relies on a new round of mining machine investments and BTC trends, with continued capital attention. There are currently no hard-core stimuli in the news, but with the hype around halving and market capital rotation, coupled with a bullish sentiment in the U.S. stock market, many veteran shareholders in the community are currently observing whether "the pool will be drained," with tensions rising between advancing and retreating. However, unusual movements in a low-volume market may not happen all at once; in the short term, it is necessary to see if a sudden large order can drive continuous upward movement. If it remains sideways for a few days without a breakthrough in volume, it cannot be ruled out that the main force will once again shake out positions or even test important support. Therefore, it is recommended to pay attention to short-term large order movements and intraday trading density; once volume increases, short-term opportunities may emerge; otherwise, the risk of continued fluctuations remains. Overall, BMNR is at a critical point of change; chasing after increases requires confirmation of volume, and buying on dips also requires caution regarding the main force's continued accumulation
Technical Forecast·
