The recent trend of Bitcoin shows a short-term Rebound, with multiple technical indicators indicating a potential positive change. Currently, the price is hovering near the 3-day line drop to zero axis, providing long positions with a potential get on board opportunity.
From the support level perspective, 106800, 105000, and 104500 are key levels to watch. These positions could become ideal areas for getting on board, especially between 107200 and 106800. However, investors should be cautious; if the price drops below 104000, it may be necessary to consider stop-loss.
The resistance levels above are located at 109825, 110194, and 111325. Breaking through 110235 will open up space for further upward movement, which is a key point that long positions need to overcome.
It is worth noting that the 2-day line trend will play an important role in the near future. If the 2-day line crosses down through the zero axis but then quickly recovers, it may indicate that a strong rebound is about to come. Therefore, market participants need to closely monitor the trend of the 2-day line, especially whether there will be a solid down-crossing or a rising candlestick pattern.
From a time frame perspective, the 2-hour, 4-hour, 5-hour, and 6-hour charts all show bottom patterns, which further enhances the possibility of a short-term Rebound.
Overall, the current market is at a critical technical position, with both rebound opportunities and potential risks. Investors should consider technical indicators from multiple time frames when making decisions and always maintain a risk awareness.
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AirdropHunterWang
· 09-02 01:51
Just do it, it's not a big deal to ask a few questions.
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LiquidityWizard
· 09-02 01:50
actually the risk-adjusted probability indicates a 68.3% chance of upward momentum
Reply0
FloorSweeper
· 09-02 01:50
With this data, you still want to pump? Hehe
View OriginalReply0
MEVVictimAlliance
· 09-02 01:37
The long position was hit through thirteen times.
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OnchainDetective
· 09-02 01:34
It is clear that the funds have been deployed in advance, and the data clues are very clear.
The recent trend of Bitcoin shows a short-term Rebound, with multiple technical indicators indicating a potential positive change. Currently, the price is hovering near the 3-day line drop to zero axis, providing long positions with a potential get on board opportunity.
From the support level perspective, 106800, 105000, and 104500 are key levels to watch. These positions could become ideal areas for getting on board, especially between 107200 and 106800. However, investors should be cautious; if the price drops below 104000, it may be necessary to consider stop-loss.
The resistance levels above are located at 109825, 110194, and 111325. Breaking through 110235 will open up space for further upward movement, which is a key point that long positions need to overcome.
It is worth noting that the 2-day line trend will play an important role in the near future. If the 2-day line crosses down through the zero axis but then quickly recovers, it may indicate that a strong rebound is about to come. Therefore, market participants need to closely monitor the trend of the 2-day line, especially whether there will be a solid down-crossing or a rising candlestick pattern.
From a time frame perspective, the 2-hour, 4-hour, 5-hour, and 6-hour charts all show bottom patterns, which further enhances the possibility of a short-term Rebound.
Overall, the current market is at a critical technical position, with both rebound opportunities and potential risks. Investors should consider technical indicators from multiple time frames when making decisions and always maintain a risk awareness.