Bitcoin Weekly Review: 94,800 Key Resistance Breakout Will Rally Back to 100,000
This week, Bitcoin initially rallied to around 94,700 at its peak, followed by a pullback to around 89,200 at its low. Comparing this to previous levels, the lows are gradually moving higher.
From the weekly K-line chart, we can see it is breaking upward bit by bit, but it has been repeatedly rejected at the 94,800 position. Once this level breaks, it will march toward 100,000!
You can go long around 89,200, add to the position at 88,200, with a stop loss at 87,400. Targets to watch in sequence are 94,800 and 100,000. #美联储降息 $BTC $ETH
Bitcoin Weekly Review: 94,800 Key Resistance Breakout Will Rally Back to 100,000
This week, Bitcoin initially rallied to around 94,700 at its peak, followed by a pullback to around 89,200 at its low. Comparing this to previous levels, the lows are gradually moving higher.
From the weekly K-line chart, we can see it is breaking upward bit by bit, but it has been repeatedly rejected at the 94,800 position. Once this level breaks, it will march toward 100,000!
You can go long around 89,200, add to the position at 88,200, with a stop loss at 87,400. Targets to watch in sequence are 94,800 and 100,000.
#美联储降息 $BTC $ETH