BTC is currently stuck in a fluctuating range between 1017 and 1060!
Although the 30-day moving average on the daily chart is still holding, the bulls haven't found a comfortable entry point. This trend is bouncing around erratically!
Here comes the key point—if in the next 12 hours it pulls back to near the 30-day moving average, this position must be closely monitored; it's likely a good opportunity for medium-term bottom fishing!
From the 4-hour chart, the moving average system has taken an aggressive stance, but the price is still dragging. The longer this sideways movement lasts, the stronger the subsequent breakout will be! Personally, I suggest two strategies: either wait for the 4-hour life line strategy signal to activate, or go all-in on medium-term positions when it pulls back to previous lows, with the target aiming for the fourth wave of the main upward trend on the daily chart!
Short-term traders take note! Currently, the 15-minute to 1-hour level is stuck at the top of the fluctuating range, appearing to be on the verge of a breakout while also looking like a potential pullback. Don't guess the direction; focus on the support zone between 104710 and 103983. If it breaks below, exit; if it holds, then take the risk! Remember—during the late stage of a fluctuation, chasing highs and lows is the worst mistake; either control your hands or wait for key levels to act!