It's been a while since I've done an in-depth market analysis. Let's talk about the potential expectations for Bitcoin: Beware of a false breakout trap at 99. On the daily chart, it's been in a wide range of fluctuation between 84 and 94 (around 10,000 points) for two months. The weekly channel has been broken, but a demand zone has also formed. So, the two key levels on the daily and weekly charts are 9.4 and 9.9. One indicates the start of a move from a low to a high, and the other indicates a strengthening market. Potential expectations and traps: 8.9 is the recent support level. Above this level, there's an expectation of reaching around 9.85, with confirmation at 9.29. The trap is a false breakout of the ultimate target of 9.85. Therefore, in the short term: Support: 8.9, 8.7 Resistance: 9.29, 9.45 Combining the daily range and key levels, the two short-term structural turning points are where trading opportunities lie. Pay close attention to false breakouts near the expected targets. The long-term entry point for spot trading remains unchanged; when it reaches that level, act!
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection
like
share