The weekly close has occurred, and the monthly close will also take place after today. Currently, the daily Candlestick has reached a high of around 108700, just touching the upper band of the descending trendline's resistance level. It is necessary to test this position downwards. At present, the EMA trend indicator shows a sideways structure, and the MACD has been continuously increasing its trade volumes but shows signs of a potential turn, indicating that the upward trend has a certain advantage. However, we cannot rule out the suspicion of the market maker engaging in a pump and dump, as the Candlestick has been moving sideways between the middle band and upper band of the Bollinger Bands. On the eight-hour level, the upper band resistance level is around 108800, so friends who entered around 108400 should pay close attention. If the trend resistance level is broken, the next downward position will be near 109600. The indicators DIF and DEA are still expanding above the 0 axis. If a golden cross forms with increased volume, regardless of whether it's a false breakout or high-level dumping, the previous high point resistance at 108800 is likely to be breached and continue for a while. Regarding the current trading strategy, the overall trend is not obvious, and with BTC approaching strong resistance above, excessive chasing of the upward trend is not recommended.


BTC: Southward trial near 108800, short, target first look at 107000-106500
Auntie: Short around 2520-2530, target first looks at 2460-2420.
ETH1,26%
BTC0,53%
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