BTC#今日思路
Bitcoin has been rising sharply these days, but there seems to be a lack of momentum.
The current price is stuck at a high level; although the overall trend is still bullish, there might be a short-term pullback, but it probably won't drop too much.
The recent surge is related to institutional buying driven by Trump, surging more than 20,000 in just two weeks, which is indeed exaggerated.
If trading during the day, it is recommended to buy on dips, and for high positions, try shorting with a small position, make sure it's a small position.
Since the weekend market is generally stable, today we will focus on the range of 94,000 to 95,600. Sell on large rises and buy on large dips.
From a technical perspective, yesterday broke through the upper Bollinger Band but couldn't hold it; indicators are also lagging, indicating that a short-term adjustment might be necessary.
The four-hour Bollinger Bands are narrowing, which suggests that volatility may decrease, and it might even test lower levels.
The key resistance level is around 96,000; after the previous high, it quickly dropped, indicating significant pressure here.
If you have short positions around 95,000 or 95,300, you can hold onto them for now.
Next, it is expected to fluctuate around the high level without a major drop for the time being.
Keep an eye on 96,000 and the support below; don’t rush into chasing highs or cutting losses; wait for a clear direction before taking action.