Bitcoin has been fluctuating sideways for three consecutive trading days, with limited daily fluctuations. It has been unable to break through the short-term resistance level of 110,000, nor has it been able to break through the support level of 107,200. Therefore, it's crucial to closely monitor market trends over the next two days. Breaking through resistance or support could trigger significant price fluctuations.
The 107,200 area offers some support, as it served as support for several daily charts in early July. This is why I've been suggesting opening long positions below 108,000 in recent days. There's a chance the price could reclaim 110,000 or even go higher in the short term.
Bitcoin Strategy
Bitcoin's market volatility has been minimal over the past few days, and my strategy hasn't changed. I've been suggesting opening long positions below 108,000 for several consecutive days. If I continue with my strategy given today's trend, I can expect to see some profit today. Yesterday, I issued a reduction warning near 110,000, and I steadily reduced my holdings to preserve my profits. In the short term, I personally tend to be bullish on a rebound in Bitcoin. First, I will observe whether the resistance of 110,000 can be broken through. If it breaks through, I will look to around 112,000.
The 107,200 area offers some support, as it served as support for several daily charts in early July. This is why I've been suggesting opening long positions below 108,000 in recent days. There's a chance the price could reclaim 110,000 or even go higher in the short term.
Bitcoin Strategy
Bitcoin's market volatility has been minimal over the past few days, and my strategy hasn't changed. I've been suggesting opening long positions below 108,000 for several consecutive days. If I continue with my strategy given today's trend, I can expect to see some profit today. Yesterday, I issued a reduction warning near 110,000, and I steadily reduced my holdings to preserve my profits. In the short term, I personally tend to be bullish on a rebound in Bitcoin. First, I will observe whether the resistance of 110,000 can be broken through. If it breaks through, I will look to around 112,000.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.