11.7 Morning Bitcoin Analysis by Auntie Ta #加密市场回调
Yesterday, Bitcoin experienced a slight decline with sideways movement. After encountering resistance around 104,000, it retreated back to the 100,000 level, showing a clear short-term decline. Major capital continues to flow out, and market sentiment remains cautious with a strong wait-and-see attitude. On the daily chart, the price is hovering around the middle to lower Bollinger Bands, with the bands narrowing, indicating a short-term consolidation phase. The MACD remains in a dead cross, and the RSI oscillates around 40, suggesting a bearish dominance. Overall, the market remains weak.
Bitcoin Trading Strategy: Range around 102,200–102,800 Target: 101,000, 9,800
Support levels: around 3,350–3,380 Target: 3,280, 3,210
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11.7 Morning Bitcoin Analysis by Auntie Ta #加密市场回调
Yesterday, Bitcoin experienced a slight decline with sideways movement. After encountering resistance around 104,000, it retreated back to the 100,000 level, showing a clear short-term decline. Major capital continues to flow out, and market sentiment remains cautious with a strong wait-and-see attitude. On the daily chart, the price is hovering around the middle to lower Bollinger Bands, with the bands narrowing, indicating a short-term consolidation phase. The MACD remains in a dead cross, and the RSI oscillates around 40, suggesting a bearish dominance. Overall, the market remains weak.
Bitcoin Trading Strategy: Range around 102,200–102,800
Target: 101,000, 9,800
Support levels: around 3,350–3,380
Target: 3,280, 3,210