Currently, BTC has rebounded to around 113200, seemingly under pressure, but the technical aspect hides bullish opportunities: Entry range: Build positions in batches between 111600-112400, relying on the support of the lower Bollinger Band and previous lows, which is a technically suitable entry window. Stop Loss Setting: Set the stop loss below 109800, using the previous low as a boundary to guard against the risk of a pullback after support is broken. Profit target: Looking at 114500-115500, aiming for the previous consolidation resistance area, in line with the current bullish trend.
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.
10.15 BTC market analysis
Currently, BTC has rebounded to around 113200, seemingly under pressure, but the technical aspect hides bullish opportunities:
Entry range: Build positions in batches between 111600-112400, relying on the support of the lower Bollinger Band and previous lows, which is a technically suitable entry window.
Stop Loss Setting: Set the stop loss below 109800, using the previous low as a boundary to guard against the risk of a pullback after support is broken.
Profit target: Looking at 114500-115500, aiming for the previous consolidation resistance area, in line with the current bullish trend.