BTC midday analysis, not bearish! Go long!



Currently, the 4-hour price has just pulled back to the middle band of the Bollinger Bands, with the middle band serving as a short-term support and resistance dividing line. The current position provides strong support! Coupled with the data's prior state and momentum, a significant drop is unlikely!

Short-term support: 80,500-80,900 (middle Bollinger Band + previous dense buy zones). If the price retraces to the 80,500-80,700 range and stabilizes without effectively breaking below the middle band, and the MACD green bars continue to shorten, it’s a good opportunity to try a small long position. Stop-loss: strictly below 79,900. First target: 81,800. Second target: 82,600.

For shorting opportunities, if the price rebounds and touches the 81,800-82,000 resistance zone, and a bearish candlestick pattern appears on the 4-hour chart, you can short with the trend. Stop-loss: above 83,000. First target: 80,200. Second target: 79,900.

Currently in a high-level oscillation after an uptrend, not looking for a one-sided move. Prioritize buying low and selling high! $BTC $ETH #
BTC-1.62%
ETH-2.5%
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