【Midday Market Analysis | BTC Short-Term Fluctuation and Accumulation】
In the morning session, Bitcoin surged to 103800 before facing resistance and retracing, currently stabilizing at the support level of 102300. The current retracement range is manageable and constitutes a healthy technical correction, with the bullish pattern unchanged.
📊 Technical Highlights:
• Daily chart shows double bearish candles indicating a correction, and the narrowing Bollinger Bands suggest an impending trend change
• 4H chart shows a pullback to the middle Bollinger Band, with MACD volume histogram indicating short-term accumulation
• Key Watershed: Support platform at 102000 and resistance at previous high of 104000
🔥 Trading Strategy:
At the current price of 102300-102500, gradually enter long positions, with the first target at 104000 (breakout could target the upper channel line), strict stop-loss below 101800.
Haitang continues to monitor market analysis, accurately grasping market trends, and will enter positions at suitable locations, comment 666 in the section if you want to join 🚀🚀🚀
