In the early morning, BTC's volatility increased again, with the price dipping once more, strongly declining to a low of 98115. The 100k mark was successfully breached, and after a second dip near 98000, the market experienced a technical rebound. As of now, the price has stabilized above the 100k mark. Although we did not catch this wave of volatility, we did manage to operate based on previous strategies and entered at a low point, successfully capturing nearly 2000 points of space, which is quite good.


Currently, the market has experienced four consecutive daily declines, and the trading volume has increased significantly, with lower shadows gradually extending, indicating that the bulls are starting to gain strength. From a four-hour perspective, the price is in a stepped downward trend, and after a significant drop leading to a large bearish candle, the bulls began to exert strength, resulting in a rebound. In the future, the market will revolve around an upward trend. On an hourly basis, the price has touched a low and broken below the previous weekly low of 98800, leading to a trend of consolidation and recovery. If the price can stabilize, it is expected to return to around 102000, which was seen yesterday. If it dips below the 10 mark again, the weekly support level at 98800 can be observed. In terms of operations, it is still advisable to focus on buying low while ensuring proper risk management.
BTC 100500-100000, target looking up at 102000
Ethereum 2170-2200, looking up at the target of 23000 #BTC ,
ETH-0,07%
BTC-0,05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)