Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

At midnight, Bitcoin took the lead in sounding the Rebound horn, strongly pumping from a low of 95677, briefly reaching a day high of 96362. However, the upward momentum could not be sustained and soon encountered resistance, resulting in a pullback. By morning, the coin price had dipped to the low area of 95072, highlighting a volatile pattern.



From the analysis of the market structure, the daily level of Bitcoin has clearly shown a complete upward trend of "gradually raising lows and continuously rising highs." The current price is oscillating and consolidating around the key resistance area of 97000, which is a typical accumulation phase before a breakout, further confirming the strong market tone. In the short term, bullish momentum continues to accumulate, and the trend structure clearly leans towards bullish. Considering the characteristics of the intraday market, the suggested trading strategy is to primarily position long orders on dips, seizing trading opportunities in the upward trend.

Operation suggestion: Build long positions in the range of 95000-94500, targeting 96700.
BTC-2.68%
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
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)