BTC ATH update

5 thg 12, 2024

Bitcoin has recently achieved an all-time high, surpassing $100,000. Currently, there is no sell zone on the 1-hour chart, and the price has moved beyond the sell zone on the 1-day chart. However, since the price is near the 1-day sell zone, caution is advised when considering long positions. A potential buy zone exists between 97,500 and 98,200 USDT on the 1-hour chart. If the price declines to this range today, it would re-enter the 1-day sell zone, potentially invalidating a long position. It's common for the market to test traders' patience at key levels on the 1-day chart. Proceed carefully.

5 thg 12, 2024

Giao dịch đang hoạt động

Two key levels are formed: 1. resistance level at 104,666; 2. support at 101,345, which is a test from the huge joc bar.

In case of good activity from buyers at level 2, i.e. a potential spring on 1h, the same level can be observed on 5m for a reliable spring to enter a long position. Reliable buy volume is critical, and don't overlook the fact that we are in the vicinity of a sell zone on 1D.