The morning market is overall in a high-level consolidation phase after an uptrend.


The price previously relied on the middle band of the Bollinger Bands to move upward, reaching a high of 76,471, then facing resistance near the upper band and pulling back.
Currently, it is still trading above the middle band, and the trend has not reversed.

Regarding key levels, resistance is at the previous high of 76,471 and above 76,650; support is at the middle band of 75,900, with the lower band of 75,200 as a secondary support.

In terms of operation, use the middle band as the core judgment point: if a pullback does not break below the middle band, consider going long, targeting the 76,471-76,650 range; if it breaks below the middle band and closes persistently below, be alert to the risk of a pullback to 75,150, and avoid chasing high for now.
BTC2,16%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin