Daily chart: BTC reached the upper band of the rising channel and showed significant pressure with consecutive long upper wicks indicating heavy selling pressure above. However, the bottom hammer candlestick and the bottom fractal structure form potential long positions support.
Short-term period: The 4H level maintains box range fluctuations, the Bollinger Bands are flattening, and MACD volume is shrinking, indicating a continuation of the consolidation pattern in the short term. The 1H level shows a stalemate in long positions and short positions, with prices continuously testing the validity of the lower support. Overall, it seems likely that the market will maintain a range-bound oscillation in the short term. It is recommended to stick to a range strategy, participating by selling high and buying low. Long positions in BTC in the range of 93000-93500, looking at 95000-95500.
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Daily chart: BTC reached the upper band of the rising channel and showed significant pressure with consecutive long upper wicks indicating heavy selling pressure above. However, the bottom hammer candlestick and the bottom fractal structure form potential long positions support.
Short-term period: The 4H level maintains box range fluctuations, the Bollinger Bands are flattening, and MACD volume is shrinking, indicating a continuation of the consolidation pattern in the short term.
The 1H level shows a stalemate in long positions and short positions, with prices continuously testing the validity of the lower support. Overall, it seems likely that the market will maintain a range-bound oscillation in the short term. It is recommended to stick to a range strategy, participating by selling high and buying low.
Long positions in BTC in the range of 93000-93500, looking at 95000-95500.