Crypto Mr. Coin: 1.4 Bitcoin (BTC) Market Analysis Reference;
After a slight adjustment yesterday, Bitcoin's price has been continuously breaking upwards, extending the upward trend. Currently, it is facing pressure around the high position near 99000, with the market undergoing slight corrections and entering consolidation, but overall bullish sentiment is strong. The current price is around 98400, and it is expected to further test upwards during the day. Mr. Coin suggests all coin friends prepare in advance.
From the daily chart perspective, there have been four consecutive days of positive closes, indicating a sustained recovery in bullish sentiment. The price is continuously rising and has already broken through the previous Bollinger Bands' midline. If it can stabilize above the central axis during the day, the market is expected to break upwards. The overall market trend is leaning towards the upside, so the suggestion for intra-day operation is to focus on long positions.
Looking at the short-term hourly chart, the market is operating in the upper Bollinger Bands region, with prices slowly rising near the upper band. Currently, it is facing pressure around 99000, and the price has slightly adjusted, causing a temporary pause in the upward rhythm. Short-term signals indicate a pullback, and a subsequent drop to the lower support is expected. Therefore, it is not recommended to blindly chase the price up; the overall trend maintains a fluctuating upward movement, waiting for a pullback to enter long positions is more prudent. The key support is around 96000.
1.4 Bitcoin Short-term Reference:
Long position: 96500-96000 range long, with a stop loss at 94500, take profit at 97000 or above.
Short position: 99700-90300 range light short, target 500-1000 points, stop loss at 100700.
1.4 Ethereum Short-term Reference:
Long position: 3480-3450 range, with a stop loss at 3350, take profit at 3520 or above.
Short position: 3730-3680 range short, stop loss at 30 points, target 50-100 points.
There may be delays in sending messages; strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, stop-loss and take-profit must be well managed. Secure your profits $BTC