Yesterday, Bitcoin maintained a small-range sideways consolidation, with bulls and bears competing and balancing each other. The overall market rhythm was stable with no significant fluctuations. Market trading sentiment was cautious, and prices continued to consolidate and build momentum. Currently, the price firmly stands above the 80,400 level. The short-term moving averages on the daily chart provide very solid support. The 4-hour Bollinger Bands are continuously narrowing, indicating decreasing volatility, and the trend reversal window is quietly approaching. The RSI indicator is in a neutral zone, with both bulls and bears holding balanced strength. Coupled with the weekend market effect, the subsequent trend is likely to continue oscillating within the range. During intraday trading, avoid blindly chasing gains or panic selling. Instead, rely on key support and resistance levels, patiently execute short-term trades within the range to capture profits.



Noon Bitcoin trading plan: Think of buying at 80,300-80,000 with a target of 81,300.
BTC1.13%
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