BTC has indeed been quite volatile over the past two weeks. Yesterday's movement was characterized by repeated fluctuations within a range, with neither bulls nor bears gaining a clear advantage. The swings were only about a thousand points, which actually makes for a relatively manageable trading rhythm.
From the four-hour chart, the price is oscillating near the lower band, with the support level gradually moving downward. However, the MACD bearish momentum is beginning to diminish. What does this indicate? The market is currently in a tug-of-war phase, and there are no clear downward signals at the moment.
The daily chart shows some interesting signs. After a recent rally and pullback, the price has been falling for five consecutive days and is now hovering near the middle band. Although it hasn't broken below it yet, the volume is gradually shifting toward the bears, making a downward move only a matter of time. If the price breaks below the middle band support, it could directly head toward the 88500 level.
Based on these insights, the short-term strategy is to look for shorting opportunities on rebounds. The range between 93200 and 93500 can be considered for short positions, with the first target at 90300. If this level is broken downward, the 88500 level becomes an important support in the longer term. However, the long-term direction requires time to validate, so everyone should adjust their positions flexibly according to their risk tolerance.
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Ser_Liquidated
· 13h ago
Another round of thousand-point fluctuations, really annoying. Still need to be patient and wait for signals.
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orphaned_block
· 13h ago
What’s the point of a thousand-point fluctuation? I directly took a reverse position and lost five figures.
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GateUser-4745f9ce
· 13h ago
A thousand points of repeated oscillation, to put it simply, is just the rhythm of harvesting the leeks.
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GateUser-75ee51e7
· 13h ago
Five consecutive days of decline and still hovering around the midline, this rhythm is indeed uncomfortable.
The shrinking of the bearish momentum is a signal, but who knows when the true direction will become clear.
Try shorting at 93200 and see if it can reach 90300.
Keep a close eye on the 88500 level; only after breaking it will we know the next move.
A thousand-point fluctuation actually just gives money to those who can read the charts.
The tug-of-war is the most annoying; you can't make quick money.
Everyone says that when volume turns to the downside, something is about to happen, but I still need to wait for the break of support to believe it.
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LoneValidator
· 13h ago
Is a 10-point fluctuation still easy to handle? Bro, your mindset is really steady. I would have sold in a panic long ago.
BTC has indeed been quite volatile over the past two weeks. Yesterday's movement was characterized by repeated fluctuations within a range, with neither bulls nor bears gaining a clear advantage. The swings were only about a thousand points, which actually makes for a relatively manageable trading rhythm.
From the four-hour chart, the price is oscillating near the lower band, with the support level gradually moving downward. However, the MACD bearish momentum is beginning to diminish. What does this indicate? The market is currently in a tug-of-war phase, and there are no clear downward signals at the moment.
The daily chart shows some interesting signs. After a recent rally and pullback, the price has been falling for five consecutive days and is now hovering near the middle band. Although it hasn't broken below it yet, the volume is gradually shifting toward the bears, making a downward move only a matter of time. If the price breaks below the middle band support, it could directly head toward the 88500 level.
Based on these insights, the short-term strategy is to look for shorting opportunities on rebounds. The range between 93200 and 93500 can be considered for short positions, with the first target at 90300. If this level is broken downward, the 88500 level becomes an important support in the longer term. However, the long-term direction requires time to validate, so everyone should adjust their positions flexibly according to their risk tolerance.