5.3 Evening Analysis: Market Fluctuations Forming a Bottom, Accumulating Momentum for a Rise



Bitcoin's weekend market liquidity is converging, with the price consolidating in a narrow high-level range, oscillating sideways for two consecutive days, and the market structure gradually taking shape.

This round of high-level sideways trading is a typical shakeout and redistribution move: thoroughly clearing floating chips on the surface, eliminating short-term followers who are not committed, laying the groundwork for a new upward trend.

Do not be easily shaken out by short-term range oscillations; stay firm and hold your chips tightly!

Trading Suggestions:
Bitcoin should fluctuate within the 77,800-78,100 range, mainly on the downside
First target: 79,200-79,500
Second target: 80,000-79,000
Stick to the trend logic, and do not be disturbed by short-term small oscillations; operate simply with the trend, and seize the continuation of the upward momentum.
BTC0.38%
ETH0.74%
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
Add a comment
Add a comment
No comments
  • Pin