BTC is currently fluctuating between the 115,000-116,000 range, forming a high-level consolidation pattern. The daily chart shows a long positions arrangement, but overall it is in a relatively balanced state between bullish and bearish forces, and the direction remains to be clarified.



The daily chart MACD is still in the long positions area, but there are signs of a death cross, which means that the strength of the long positions may be gradually weakening. If the death cross is further confirmed, it could trigger a price pullback, but it has not fully turned bearish yet, and there is still a certain basis for long positions.

Suggestion: Go long around 115,000-114,000, target 118,000.
BTC0.05%
View Original
post-image
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
English
  • 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)