Analysis of today's BTC trend:
• Daily timeframe: Closed with a small bearish candle yesterday, showing a single bearish-bullish pattern. The price is consolidating at high levels, failing to sustain the breakout after news-driven highs, indicating a short-term range-bound oscillation.
• Hourly chart: The resistance at the high of 107,000 area (double top resistance), and the support at the low of 102,000 area (double bottom support), with an obvious range-bound pattern.
Short-term contract trading strategy:
1. Short position: Short at 105,800, stop loss at 106,300, target at 104,500.
2. Long position: Long at 104,500, stop loss at 104,000, target at 106,000.
In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
• Daily timeframe: Closed with a small bearish candle yesterday, showing a single bearish-bullish pattern. The price is consolidating at high levels, failing to sustain the breakout after news-driven highs, indicating a short-term range-bound oscillation.
• Hourly chart: The resistance at the high of 107,000 area (double top resistance), and the support at the low of 102,000 area (double bottom support), with an obvious range-bound pattern.
Short-term contract trading strategy:
1. Short position: Short at 105,800, stop loss at 106,300, target at 104,500.
2. Long position: Long at 104,500, stop loss at 104,000, target at 106,000.
In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
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.
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.