The Bitcoin market is undergoing a fierce range-bound battle, with both sides fiercely competing at key price levels.
From the daily chart, Bitcoin's price has retraced after reaching the resistance level of $104,844, but a clear downward trend has not yet formed. Short-term traders may consider gradually establishing short positions in the range of $104,844 to $106,651, with a stop loss set at $108,953 and target price levels of $98,200 and $95,823.
The four-hour chart shows that the market is range-bound near the daily resistance level of $102,633 to $101,207. Investors should pay attention to whether this range can hold; if it does, they can look for long opportunities, with a suggested stop-loss set at $98,200.
The hourly chart shows that the previous bearish turn has failed, with various indicators showing overbought and volatile conditions. The market may need to retrace to support levels for confirmation before continuing upward. It is recommended to gradually build long positions in the range of $103,606 to $102,081, with a stop-loss at $99,613. A breakout at $106,525 may indicate the continuation of the uptrend.
The overall strategy recommendations are as follows: 1. Daily level: Gradually establish short positions in the range of $104,844 to $106,651, with a stop loss set at $108,953 and a target price of $98,200. 2. Four-hour level: If the support at $102,633 to $101,207 holds, look for long opportunities with a stop loss set at $98,200. 3. Hourly level: Waiting for a pullback to establish long positions in the range of $103,606 to $102,081, with a stop loss set at $99,613. A price close above $106,525 may indicate a continuation of the upward trend.
Risk Control: It is recommended to adopt a staggered entry strategy, strictly implement stop-loss, and confirm the validity of breakout signals in conjunction with trading volume. In such a volatile market, it is crucial to maintain a cautious and flexible trading strategy.
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The Bitcoin market is undergoing a fierce range-bound battle, with both sides fiercely competing at key price levels.
From the daily chart, Bitcoin's price has retraced after reaching the resistance level of $104,844, but a clear downward trend has not yet formed. Short-term traders may consider gradually establishing short positions in the range of $104,844 to $106,651, with a stop loss set at $108,953 and target price levels of $98,200 and $95,823.
The four-hour chart shows that the market is range-bound near the daily resistance level of $102,633 to $101,207. Investors should pay attention to whether this range can hold; if it does, they can look for long opportunities, with a suggested stop-loss set at $98,200.
The hourly chart shows that the previous bearish turn has failed, with various indicators showing overbought and volatile conditions. The market may need to retrace to support levels for confirmation before continuing upward. It is recommended to gradually build long positions in the range of $103,606 to $102,081, with a stop-loss at $99,613. A breakout at $106,525 may indicate the continuation of the uptrend.
The overall strategy recommendations are as follows:
1. Daily level: Gradually establish short positions in the range of $104,844 to $106,651, with a stop loss set at $108,953 and a target price of $98,200.
2. Four-hour level: If the support at $102,633 to $101,207 holds, look for long opportunities with a stop loss set at $98,200.
3. Hourly level: Waiting for a pullback to establish long positions in the range of $103,606 to $102,081, with a stop loss set at $99,613. A price close above $106,525 may indicate a continuation of the upward trend.
Risk Control: It is recommended to adopt a staggered entry strategy, strictly implement stop-loss, and confirm the validity of breakout signals in conjunction with trading volume. In such a volatile market, it is crucial to maintain a cautious and flexible trading strategy.