Yesterday, Bitcoin (Baidu) showed a narrow range of fluctuations due to the lack of US trading. The price was blocked near 97,500, and it was difficult to break through the high level, but it found support in the 94,500 area. The intraday fluctuation range was small, and no clear breakthrough was formed in the short term, providing short-term traders with a good flexible operation space for high-selling and low-buying.
From the four-hour chart, the downward momentum of Bitcoin is gradually weakening, indicating that the market may usher in a small opportunity for a small rise. Focus on the resistance level of 97,500. Once it breaks through, it will become a key reference for judging the future market trend.
As time goes by, market sentiment has warmed up, trading volume has begun to increase, and the RSI indicator has remained at a high level, which has injected more vitality into the market. In this context, intraday traders can flexibly adopt the strategy of high-selling and low-buying to seize the trading opportunities brought by short-term fluctuations.
Operation suggestion: If the price pulls back to the 95,500-95,000 range, you can consider entering the market, with the target position looking at 96,800 and the stop loss set at 750 points.
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