It seems that BTC does not have the conditions to initiate a new bullish wave; the current trend structure is somewhat complex. The range above 1163 / 1176 / 1181 is a strong resistance zone, while the range below 1138 / 1142 is a strong support zone. Before the end of the month, the marketplace is unlikely to break out of narrow consolidation. Currently, the resistance is stronger than the support. If the support range is broken downward, it could continue toward 1100.
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.
BTC
It seems that BTC does not have the conditions to initiate a new bullish wave; the current trend structure is somewhat complex.
The range above 1163 / 1176 / 1181 is a strong resistance zone, while the range below 1138 / 1142 is a strong support zone. Before the end of the month, the marketplace is unlikely to break out of narrow consolidation.
Currently, the resistance is stronger than the support. If the support range is broken downward, it could continue toward 1100.