Bitcoin struggles to rise above 825, nearby Qingcang is congested, Qingcang, bamboo shoots at 832



Around 800-805, Qingcang is hesitant, Zhi bamboo shoots at 795

As long as the 4-hour support at 80500-80800 is not broken by a real decline, it remains in a strong upward intermediate structure. After a shakeout, it is likely to continue testing upwards toward 82800. If it breaks through smoothly, look toward 84,000;

Conversely, if profit-taking surges and breaks through 80500, beware of a deep pullback to the 79200 daily middle line to repair indicators.

Bitcoin is not currently driven by a single force, but pulled by four forces simultaneously.

US-Iran reports have issued a "peace move."

Non-farm payrolls have suppressed any possibility of rate cuts.

ETFs support the bottom.

Consolidation continues in derivatives to cover costs.

The four forces are completely misaligned, which is why the price is stuck around 810, moving up gets pushed back, and falling gets supported by buying pressure.

Until the four forces determine a winner and one side's chips are truly exhausted, the price will give its own answer.

Stability leads to long-term success. $BTC #BTC回调
BTC-0.17%
View Original
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