Bitcoin Analysis
The weekend market saw minimal volatility, hovering between 110,000 and 111,500 points. Since the sharp drop on August 29th, the market has stabilized, with support around 107,200 holding firm. This is because it marked the lowest point of the sideways movement from July 4th to 8th. This level is a proven support point and served as the starting point for the previous rally to a high of 123,200. The recent rebound was driven by buying at this support level. In the short term, we should continue to look for a rebound based on this level. As long as the previous double bottom remains intact, the market will continue its upward trend. I am optimistic about a continued Bitcoin rebound.
Strategy
Recently, we have maintained a bullish stance. Long positions can be opened freely below 110,000. Yesterday's recommended entry point was 110,570. While the current rebound hasn't been significant, profits have already been realized. If the price falls back to the 110500 to 110800 area today, you can continue to open long positions, with the target at 112500 or even 113500.
The weekend market saw minimal volatility, hovering between 110,000 and 111,500 points. Since the sharp drop on August 29th, the market has stabilized, with support around 107,200 holding firm. This is because it marked the lowest point of the sideways movement from July 4th to 8th. This level is a proven support point and served as the starting point for the previous rally to a high of 123,200. The recent rebound was driven by buying at this support level. In the short term, we should continue to look for a rebound based on this level. As long as the previous double bottom remains intact, the market will continue its upward trend. I am optimistic about a continued Bitcoin rebound.
Strategy
Recently, we have maintained a bullish stance. Long positions can be opened freely below 110,000. Yesterday's recommended entry point was 110,570. While the current rebound hasn't been significant, profits have already been realized. If the price falls back to the 110500 to 110800 area today, you can continue to open long positions, with the target at 112500 or even 113500.
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I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.