Daily chart analysis:
On the daily chart, Bitcoin has shown a steady upward trend recently, but we still need to pay attention to the key resistance level of $67,794. If this resistance level can be effectively broken, it is expected to continue to rise. On the contrary, if it fails to break through, the price may fall back again.
Key support level: $65,000
Key resistance level: $67,794
Four-hour chart analysis:
On the four-hour chart, the price of Bitcoin fluctuates above the middle track of the Bollinger Bands, and the MACD indicator shows that the bullish trend is strengthening. If it can stand above $67,500 in the short term, the price is expected to further hit $68,000. However, if it fails to break through effectively, it may fluctuate around $67,000.
Key support level: $66,500
Key resistance level: $68,000
One hour chart analysis:
On the one-hour chart, the price of Bitcoin remains in the rising channel, and the moving average system shows a bullish arrangement, and the bulls are strong in the short term. If the price can stabilize above $67,500, it is expected to continue to rise in the short term.
Key support level: $67,000
Key resistance level: $68,000
Recommendations
Long strategy:
Long orders are placed near the $67,000 support level, with a target price of $68,000. The stop loss is recommended to be set below $66,500 to prevent risks caused by sudden market fluctuations.
If the price breaks through the resistance level of $68,000, you can consider continuing to hold long positions and raising the target price to $70,000.
risk control:
Strictly set stop losses to guard against risks brought by sudden market fluctuations.
Flexibly adjust positions according to market changes to avoid risks brought by excessively concentrated positions.
Market Observation
Bitcoin is currently at a critical technical point, and investors should pay close attention to market trends and respond flexibly.
Be patient and wait for the market to clarify its direction, and seize the best trading opportunities during fluctuations.
Seize every market opportunity to make your investment more professional and successful!
