Bitcoin daily chart shows increased volume and has stabilized above the 5-day moving average, currently oscillating near the 90-day moving average. The previously constructed daily central zone around 84,500-94,600 for the daily timeframe has been temporarily broken through, and the 4-hour timeframe continues to be in an upward-moving central zone. The key focus for today is the breakout of the original daily central zone 2, and the subsequent pullback to the upper boundary of the original zone at 94,600-94,800. Today’s resistance levels are at 96,600-97,000, with support levels at 94,800-94,600. Trading ideas: 1. If the price pulls back with decreasing volume to around 94,800-94,600, consider a small long position with a stop loss at 94,000 and take profit at 96,500-97,000. 2. If the price rises to 96,700-97,000, consider a small short position with a stop loss at 97,400 and take profit at 95,200-94,800. (The above suggestions are for reference and discussion only)
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Bitcoin daily chart shows increased volume and has stabilized above the 5-day moving average, currently oscillating near the 90-day moving average. The previously constructed daily central zone around 84,500-94,600 for the daily timeframe has been temporarily broken through, and the 4-hour timeframe continues to be in an upward-moving central zone. The key focus for today is the breakout of the original daily central zone 2, and the subsequent pullback to the upper boundary of the original zone at 94,600-94,800. Today’s resistance levels are at 96,600-97,000, with support levels at 94,800-94,600. Trading ideas: 1. If the price pulls back with decreasing volume to around 94,800-94,600, consider a small long position with a stop loss at 94,000 and take profit at 96,500-97,000. 2. If the price rises to 96,700-97,000, consider a small short position with a stop loss at 97,400 and take profit at 95,200-94,800. (The above suggestions are for reference and discussion only)