Evening Bitcoin Strategy



Bitcoin's hourly cycle has broken downward, falling below the consolidation range and upward trend, with support at 2343 lost, indicating that the bears are currently in control, and the rebound correction has failed.
Currently, the key support zone is locked between 2300-2306; holding this range still leaves room for a recovery; once volume increases and it breaks below, support at 2263 will be lost simultaneously, and the market is likely to test the previous low at 2218, with the hourly bullish structure completely collapsing.
The necessary condition for the market to stabilize and rebound is to return above 2343, re-enter the range-bound consolidation, and restart the upward expectation.

Trading suggestions:
Volume breakout above 2334 to go long;
Volume breakdown below 2299 with a failed rebound to recover, to go short, with strict stop-loss.
If the hourly stays above 2334, target 2373-2423;
If the 4-hour breaks below 2310, target 2278-2248.
$ETH
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NexaCrypto
· 44m ago
To The Moon 🌕
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