Currently, BTC is fluctuating in the range of 108300-110600, and the technical analysis shows a contradiction between bulls and bears:
Bearish signal: The dark cloud cover suppresses, the MACD red bars shorten and are close to the zero axis, and the bullish momentum weakens.
Potential support: A flat-bottom pattern suggests a rebound possibility between 108300-107300. If it breaks down with volume, it will open up downward space.
Operation strategy:
Resistance level (around 110600): Short attempt, stop loss above the previous high of 111000;
Support level (108300/107300): Stabilizing allows for buying, breaking down will lead to a downward target of 106000.
In the short term, focus on selling high and buying low, avoid chasing highs and panic selling before breaking through, and pay attention to changes in volume to confirm direction.
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Currently, BTC is fluctuating in the range of 108300-110600, and the technical analysis shows a contradiction between bulls and bears:
Bearish signal: The dark cloud cover suppresses, the MACD red bars shorten and are close to the zero axis, and the bullish momentum weakens.
Potential support: A flat-bottom pattern suggests a rebound possibility between 108300-107300. If it breaks down with volume, it will open up downward space.
Operation strategy:
Resistance level (around 110600): Short attempt, stop loss above the previous high of 111000;
Support level (108300/107300): Stabilizing allows for buying, breaking down will lead to a downward target of 106000.
In the short term, focus on selling high and buying low, avoid chasing highs and panic selling before breaking through, and pay attention to changes in volume to confirm direction.