Last night's price action was extremely typical: daytime saw repeated back-and-forth between bulls and bears exhausting sentiment, followed by US stocks opening lower which completely ignited bearish sentiment, with prices declining steadily and touching lows near 68,800 in the early morning. The bearish scenario successfully materialized once again.
Market never disappoints those with patience. When you get the rhythm right, profits are just a matter of time.
From the current structure, price has reclaimed the 70,000 level, but has not formed effective continuation momentum. Both bulls and bears lack the decisive explosive power to settle the matter. Overall, we remain in a high-level range-bound consolidation pattern. Before the trend becomes clear, the optimal strategy is to avoid guessing direction and only trade the range, waiting for clear breakout signals before following the trend.
Key Zone References: Upper Resistance: 71,000-71,500 zone Lower Support: 68,900-68,500 area
As long as price oscillates within this range, unidirectional moves will be difficult to develop. Early morning operations should primarily focus on range-bound strategies of selling highs and buying lows.
Specific Early Morning Trading Plan: 1. Bearish Scenario: If price rebounds to the 71,000-71,500 zone, build short positions in batches. Stop Loss Reference: 71,700-72,000. Initial targets around 69,500-68,500 zone, can reduce positions in batches, with remaining positions left to observe if the downtrend continues. $BTC #预测市场正在影响BTC走势？
Wednesday Morning BTC Analysis
Last night's price action was extremely typical: daytime saw repeated back-and-forth between bulls and bears exhausting sentiment, followed by US stocks opening lower which completely ignited bearish sentiment, with prices declining steadily and touching lows near 68,800 in the early morning. The bearish scenario successfully materialized once again.
Market never disappoints those with patience. When you get the rhythm right, profits are just a matter of time.
From the current structure, price has reclaimed the 70,000 level, but has not formed effective continuation momentum. Both bulls and bears lack the decisive explosive power to settle the matter. Overall, we remain in a high-level range-bound consolidation pattern. Before the trend becomes clear, the optimal strategy is to avoid guessing direction and only trade the range, waiting for clear breakout signals before following the trend.
Key Zone References:
Upper Resistance: 71,000-71,500 zone
Lower Support: 68,900-68,500 area
As long as price oscillates within this range, unidirectional moves will be difficult to develop. Early morning operations should primarily focus on range-bound strategies of selling highs and buying lows.
Specific Early Morning Trading Plan:
1. Bearish Scenario:
If price rebounds to the 71,000-71,500 zone, build short positions in batches. Stop Loss Reference: 71,700-72,000. Initial targets around 69,500-68,500 zone, can reduce positions in batches, with remaining positions left to observe if the downtrend continues. $BTC #预测市场正在影响BTC走势？