From the 2-hour chart, BTC has been fluctuating in the range of 63340-70660 for the past two weeks, which is also the reason for the recent surge and plunge in prices, because the market has no clear direction. The current price has risen to around 70600. If the price breaks through 70660, the volatile trend may end. However, the price has risen a lot today, and it may encounter resistance and start to fall back.
Trading suggestions: Radicals can sell in the range of 70300-70660, with a target of 69300-69600
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Trading suggestions: Radicals can sell in the range of 70300-70660, with a target of 69300-69600
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
From the 2-hour chart, BTC has been fluctuating in the range of 63340-70660 for the past two weeks, which is also the reason for the recent sharp rise and fall in prices, because the market has no clear direction. The price just broke through the 70660 resistance level, and the highest point reached around 71000. The upward trend will continue in the short term, but the price may fall sharply next. The best trading strategy is to wait for the price to fall back to the lower resistance range and buy.
Trading suggestion: Buy when the price falls back to the 69500-69900 range, with a target of 71000-71500
The above suggestions are for reference only, and I will update the market analysis in my guidance group at any time
Note
The price rises to the 70800-71070 range and encounters great resistance. If the price rebounds to the 70800-71070 range again, it can be sold, with a target of 70000-70300
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.