The Bitcoin (BTC) bull market has paused slightly, currently priced at 102848, down 0.5% from the previous value (103360), still hovering above 100,000. The K-line is fluctuating at a high level, with bulls and bears competing around 102848, as the market seems to be waiting for some big news to ignite the passion!
Consolidation Range:
Upper Resistance: 105834 (recent high).
Lower Support: 93338 (key base).
Technical Quick Review:
Four Hours: The price is fluctuating between 102000-104000, with volume shrinking a bit, as if preparing for a big move.
One Hour: Bulls and bears are locked in a tug-of-war near 102848, with the direction determined by a push to 105834 or a drop to 93338.
Trend Prediction:
BTC is grinding between 93338-105834; if it hits 105834 without breaking, it could short, while stabilizing at 93338 could lead to a long. Without major news, it will continue to fluctuate, and a swing trade is the safest!
Trading Suggestions:
Short: If unable to hold 105834, target 102000, stop loss at 106000.
Long: Buy when stabilizing at 93338, target 102000, stop loss at 92000.
Swing: Buy at 93338, sell at 105834, and follow in with larger volume!
Breakthrough Outlook:
Current price is 102848, with strong support at 100,000, expected to fluctuate in the short term between 93338-105834. To push towards 108000 or drop to 90000, major news or a surge in volume is needed.