$BTC BTC has started a small range consolidation, currently in the range of 61160-61754.


The afternoon and evening sessions are different. The afternoon session has little volatility, so we will play like this:
1. If BTC dips to 61160 and cannot break below this level, we can gamble on long positions. Remember, it's a gamble! Target around 61750-62300. For short-term, about 500 points is enough. Only with a volume breakout above 61754 will the uptrend continue!
2. If BTC breaks below 61160, this level. 60110 is the bottom line for BTC at 60k. So when it retests this level, we can normally take long positions on the left side, i.e., enter longs around 60100-60800! As long as 59561 is not broken, the downtrend will not continue!
3. For short position layout, currently it has not broken above 62330. This level was the stop-fall level of the previous downward move. If broken, then it goes down to around 58000. If it breaks above this level, we can see around 62820. So for short position layout, we still arrange shorts around 62300-62800!
$BTC
BTC0.99%
BTC0.91%
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
ForkliftFaye
· 8h ago
The range is quite tight. I've been watching the 61160 level for a while. If the volume is insufficient, it's indeed prone to a fake breakout. Wait for a volume confirmation before following.
View OriginalReply0
  • Pinned