Crypto Circle Mr. Coin: 1.5 Bitcoin (BTC) Market Analysis Reference;
Bitcoin continues to oscillate at high levels, repeatedly pulling back to the 97500 line during the day. Bullish sentiment has warmed up somewhat, and prices slightly broke out near the 98800 line before facing pressure. Currently, the coin price is still running around the 98000 line, with bullish sentiment weakening during the day, and the market has once again entered a high-level consolidation.
On the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize upward. It is currently pulling back again to the support below, with a low rebound at the 97500 position. If the price cannot continuously rebound and break through yesterday's high resistance during the day, it is expected that the oscillation and consolidation will continue for a while. The operation for the day should maintain high shorts and low longs.
On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is under pressure, adjusting in the middle and upper track area. The current price fluctuates around 98000, with short-term mid-track support at the 97000 line. If it can stabilize continuously, the price is expected to return above 99000. Conversely, if it repeatedly tests yesterday's high without forming an effective breakthrough, it is expected that the price will further retreat to the 97000 support area.
1.5 Bitcoin Short-term Reference:
Long Position: Buy in the range of 97500-97000, with a stop-loss at 95500 and a take-profit target above 97000,
Short Position: Lightly short in the range of 99700-90300, with a target of 500-1000 points, stop-loss at 100700,
1.5 Ethereum Short-term Reference:
Long Position: Buy in the range of 3480-3530, with a stop-loss at 3350 and a target above 3520,
Short Position: Short in the range of 3730-3680, stop-loss 30 points, target 50-100 points,
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