老宋 0546

$BTC Last night, the non-farm data impact caused some fluctuations. The support level drawn previously rebounded directly by 2000 dollars after reaching for the first time. It was tested again last night, verifying the effectiveness of the support.

1) The short-term support at the bottom with orders to buy between 644-668 has been executed. The intraday short-term pressure level is 68200, and only a breakthrough can allow us to look further up.
2) The band pressure near 72000, once effectively broken, can see around 76.
3) The decline ended at the high point of 97900, and now it is a rebound against this drop, with rebound pressure levels at 74300 and 78800.

$BTC Bitcoin's trading strategy in recent days has no distinction between left-side and right-side. In a volatile market, buy when it dips and sell when it rises, avoiding chasing highs and cutting losses. Still the same statement, both longs and shorts can be taken, and positions won't be held for long.

1) The decline from the high point of 97900 has ended, and now we are looking at a rebound from this decline, with resistance levels at 74300 and 78800.
2) Short-term resistance is at 72000; if it effectively breaks through, we can see around 76.
3) The short-term support range below is 64400-66800, where buy orders can be placed.

$BTC has not yet formed a bottom, and the price is expected to continue falling in the coming months! Currently, we are in a consolidation range. The final target bottom price is expected to be around 40,000, with a bottom expected to be reached between September and October.

$BTC expects BTC to consolidate between 57 and 87, with a volatility of about 33%. This consolidation phase is not bullish but prepares for the trends in the coming months. It is expected that after this phase, the Bitcoin price will experience a decline, breaking below this range and potentially reaching lower targets of $44,000 to $50,000 in the coming weeks or months.
A year ago, BTC consolidated between $58,000 and $74,000 for a whole year. This consolidation area has three main purposes. The most important is to draw reference lines for the next bear market. The consolidation area in 2024 will play a critical role in this bear market again, and the price movements will oscillate in the same range. And that is exactly the situation now. BTC is currently in an area that consolidated for a whole year before breaking through the $100,000 mark. In a bear market, this area is not a support level but a structure, and structures will ultimately be broken. Once the consolidation phase ends, the price is expected to fall below this consolidation area.
It is expected that BTC prices will fluctuate significantly between $57 and $87. The clear target is to buy between $57 and $60, which is the bottom of the current price range. It is important to note that the bottom of this price range is not BTC's final bottom but rather the bottom of the current phase.
Does this mean that 87 is a sure win target? Not necessarily. It indicates two things. First, BTC is in a rebound phase between 57 and 60, usually accompanied by consolidation. Second, the highest level BTC is expected to reach in this phase is around 87, depending on the strength of the consolidation.
Market trends are not linear. Even in a bear market, strong rebounds can occur. In 2022, BTC fell from 68 to 33 almost without obstruction. Then, within just two months, it rebounded from 33 to
48.5, with an increase of up to 50%, before continuing to drop to a final bottom of 16.
We are currently in a bear market. The rebound is merely temporary, aimed at accumulating liquidity to prepare for further declines. The ultimate bear market target price is still expected to be below 50,000, around 40,000.

$BTC 64000 Start Receiving Goods

$XAG spot daily line closing does not break 74 issue is not significant

$BTC Each time level needs to be adjusted, let's talk after the small level rebounds#BTC走势分析

$BTC is looking for the reasons for the decline, and the most direct reason is that the monthly line needs to pull back to the zero axis #btc

$BTC 65000 saw

$BTC has temporarily reached the bottom, and the lower levels are in an oversold state that needs to be corrected. Currently, there is a 15-minute rebound. After breaking through 101550, it will move to a 30-minute timeframe, progressing level by level. After completing the oversold rebound, it will continue to decline #BTC走势分析

$BTC Weekly line pullback is in place

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👍👍👍👍

$BTC has finally reached a new high, and it will be even higher in the future #币安八周年

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$BTC copied a large base #加密市场反弹 #Strategy增持比特币

$BTC has 11 again, life has become better