BTC
1 day/picture
Bitcoin continued to repair and consolidate during the day, and the overall rhythm is currently in the normal correction and repair stage after the surge. After the price surged, a short-term correction is also normal.
4h/picture
Although there are signs of closing positive in the middle track area, the overall operation channel is shrinking, the operation space will be further reduced, and the market has obvious demand for narrow fluctuations. The attached indicators show that all data have maintained obvious signs of continuing to decline.
1h/picture
Recommendations
Short Order Strategy
Entry range: $68,200-68,500
Position recommendation: light short position
Defense price: $69,500
Stop loss price: 400 points
Target price: around $67,000
High-level short position strategy
Entry point: $69,500
Position recommendation: light short position
Stop loss price: 400 points
Target price: $67,000
Long order strategy
Entry range: $66,000-65,800
Position recommendation: light long position
Stop loss price: 400 points
Target price: around $67,500
Control your position: In an uncertain market environment, it is recommended to operate with a light position to control risks.
Focus on key points: Pay close attention to Bitcoin’s resistance levels of $68,200-68,500 and $69,500, as well as support levels of $66,000-65,800.
Dynamically adjust strategies: Adjust operating strategies in a timely manner according to market dynamics and maintain flexibility.
Upside Pressure: $68,500 and $69,500 are key resistance levels, a break above these levels could lead to further upside.
Support below: $66,000 and $65,800 are important support levels, and there may be greater downside space if these points are broken.
Conclusion
The current price volatility of Bitcoin is relatively high. It is recommended that traders remain vigilant and adjust their operation strategies in a timely manner according to market changes. The above analysis and suggestions are for reference only. Specific operations should also be combined with personal risk tolerance and market conditions.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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