Bitcoin Market Analysis - #BTC
Bitcoin is like a taut string, the risk is approaching ⚠️, do not chase long positions, and do not short at the top. If there is a sharp pull, you should close your long positions.
【Daily Level】
1) Last Friday, Script 1 was given, and it has already risen by $7000 according to Script 1 ✅
2) Currently close to the upper edge of the channel, resistance above at 108900, 110304 (weekly target)
3) The daily line is being pulled up despite divergence, forcibly creating a golden cross on the MACD above the zero axis, but divergence still exists and it can reverse at any time.
4) After breaking through the MA30, there have been 4 retests, and after too many moving average retests, it becomes easier to break in the next pullback.
【4 Hour Level】
The 4-hour level retested a previous high yesterday and then rose again, reaching a maximum of 107777. This type of order is considered a dangerous order, with no stop-loss position and a terrible risk-reward ratio, so there have been no trades these days.
Resistance above at 108900, 110304
Support below at 99200-101300, 94100-96500
