Overview Current Price: ~$108,87024h High/Low: $109,506 / $106,800Volume: ~16,992 BTCTrend Context: $BTC is currently consolidating after a recent drop from the $111,000+ zone.
1-Hour Chart Analysis
Key Observations:
Price Movement: $BTC is ranging sideways between $108,400 and $109,200.Bollinger Bands: Upper Band: $109,552Lower Band: $107,335Middle Band (MB): $108,443Price is hovering near the middle band, indicating low volatility and indecision.Support Zone: $107,300 โ $107,700Resistance Zone: $109,300 โ $109,600
Price Movement: BTC retraced after a sharp rally to $111,980 and is now attempting recovery.Bollinger Bands:
Upper Band: $112,407Lower Band: $106,994Middle Band (MB): $109,701BTC is struggling below the middle band, showing weakness.Support Zone: $106,800 โ $107,000Resistance Zone: $109,700 โ $110,000
Indicators: Volume: Declining from recent spikes.MA(5) & MA(10): MA(5) is trying to cross above MA(10), a potential bullish sign.Candle Structure: Several bottom wicks show demand near $107K. Technical Summary
IndicatorSignalTrendNeutral to Slightly BearishMomentumWeakVolatilityContractingBiasRange-bound
Investment Insight
Short-Term (1โ3 days): Wait and watch. Sideways consolidation may continue.Medium-Term (1โ2 weeks): Potential breakout if BTC can reclaim $109,700 with volume.Long-Term: Still bullish if price holds above $106,000; broader structure favors uptrend continuation.
Trading Strategy
Scalp/Day Trading (1h Chart):
Buy: Near $107,500โ$107,800 (support zone)Sell: $109,200โ$109,500Stop-Loss: Below $107,200
Swing Trading (4h Chart):
Entry Long: If price breaks above $109,700 with volumeEntry Short: If price rejects $109,700 with strong bearish candleTargets:Long: $111,000 / $112,400Short: $106,800 / $105,000Risk Management: 2โ3% stop-loss depending on volatility
Conclusion Bitcoin is at a critical point. The short-term structure suggests range trading, but volatility is contractingโhinting at a potential breakout in the coming sessions. Traders should stay alert for a move above $109,700 or below $107,300 to confirm the next big direction.
After Advocating "Buy the Dip," Eric Trump ๐บ๐ธ Now Urges Investors to HODL for the Long Term!
Eric Trump, who recently advised investors to "buy the dips," has now shifted his stance to a long-term strategy, urging holders to stay the course. His latest statement reinforces confidence in the market, suggesting a patient, strategic approach.
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Buyers are still in control and the momentum looks solid. ๐ค๐ค
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