Bitcoin current price is 2187, the overall trend is very sluggish but hidden potential, initially dipping to 2160 before stabilizing and rebounding, but the bulls haven't launched a strong attack all at once, more like holding back a big move above a key support level, digesting selling pressure above and cleaning out weak-handed chips.



Currently, the bulls and bears are in a typical critical standoff, with the bulls hoping to open upward space through a rebound, while the bears are closely watching each rebound high to suppress it. The next few hours' candlestick patterns are very likely to determine the short-term direction.

From a technical perspective, EMA7 and EMA30 form short-term resistance above, with the price repeatedly hovering around EMA7, indicating a desire to go up but lacking strength. Although MACD is still below the zero line, bearish momentum is clearly weakening, and bullish accumulation signals are becoming more evident.

The middle band of the Bollinger Bands serves as a short-term center, with the lower band providing support and the upper band forming the first strong resistance. As long as the price can hold above the middle band and effectively break through EMA7, the bulls will truly take the initiative.

Trading suggestion: Aggressive traders can go long directly at the current price of Bitcoin; conservative traders can consider around 2170-2140, aiming for targets near 2230-2260, with breakouts at 2300 and 2350.
BTC-0.27%
SOL-0.53%
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LinranFinance
· 3h ago
Just charge forward 👊
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