BTC's trend yesterday showed a decent upward movement. Looking at the four-hour chart, the structure formed a W top and rebounded near the neckline after a retracement yesterday, further confirming the support. Currently, the price is hovering around 98,000 yuan, in terms of indicators, the Bollinger Bands are oscillating upward with three lines, and the MACD indicator shows that the DIF and DEA lines are steadily running above the zero line. The buying volume continues to increase. In my opinion, there won't be many opportunities for a significant pullback at this level, and it is likely to consolidate around 98,000 yuan to consume the enthusiasm for this retracement before continuing to push higher.


Weekend View: BTC98100 long, looking at 100100. Defend 1000 points, #BTC #ETH
BTC-2,08%
W-5,15%
ETH-3,49%
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)