BTC Trend Analysis


#BTC# is currently still in a bearish dominant trend, but has shown a "rapid decline followed by sideways fluctuations" pattern, with short-term downward momentum somewhat diminishing.
The core support level is 107000. If it retraces and does not break this level, it can confirm the end of this round of correction. The first resistance level above focuses on 112500, and a breakthrough is expected to drive a trend reversal. The MACD on the 1-hour chart shows a simultaneous golden cross, with short-term bullish momentum prevailing, making it suitable to capture intraday short-term opportunities. It is recommended to "buy on dips" in operations.

Operation suggestion: If it pulls back to around 110500, you can take a small long position; if it further pulls back near 110000, you can moderately increase your position to lower the cost. Set a stop loss uniformly at 109500 to avoid unexpected break risks. The first target looks towards around 111500; after reaching it, you can take partial profits.
BTC-1.34%
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