In yesterday's midday strategy, a short suggestion was given, and the Bitcoin market has perfectly fulfilled that prediction. Near midnight, it reached our ideal level around 88,500, and the "mistress" (a nickname for a certain asset or indicator) also appeared, making this small rally easy to handle. The market did not continue to decline further but instead, as expected, entered a technical rebound within the range; after touching the 91,100 level multiple times without stabilizing, this rebound is a correction for the previous sharp decline, showing a pattern of volume-constrained rebound with limited strength.



Currently, the market faces a decision on direction. The key resistance above Bitcoin is in the 91,500-92,000 area. From the previous small platform's lower boundary and the 4-hour chart's EMA60, this level is a critical watershed for judging the strength of the rebound. The effective support below is at 88,500-89,000. The "mistress" resistance is at 3,080-3,120, with support around 2,950. It is recommended to initiate long positions within the range during sideways movements, focusing on short-term trades. If signs of stagnation appear later, and the rebound reaches the key resistance, look for opportunities to short at high points.

Bitcoin: Long at 89,400-89,700, target 91,000

Mistress: Long at 2,930-2,950, target 3,050#比特币相对黄金进入深度弱势 $BTC
BTC0,26%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)