Wednesday afternoon BTC market outlook


The overall market currently shows narrow-range consolidation at high levels
The trend is in a high-level, low-volume sideways pattern, after six consecutive bullish days on the daily chart, entering a short-term consolidation phase.
The 80,000 integer level sees intense battle between bulls and bears, with repeated tug-of-war, mainstream coins moving in sync with oscillations, and altcoins showing clear divergence.
Four-hour Bollinger Bands continue to tighten, with the price stabilizing above the middle band, now with bullish and bearish forces approaching balance, and a short-term trend reversal window imminent.
Key support levels: 80,000–79,500–78,500
Key resistance levels: 81,500–82,500–83,000
Trading ideas
Pull back to the 80,000–80,500 range can be used to go long, with a stop loss at 79,200 below;
If the price rises to the 82,500–83,000 resistance zone, consider light short positions, with a stop loss at 83,500. #美国4月CPI上涨3.8% #沃什确认出任美联储主席 $BTC
BTC0.33%
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