From early morning to now, the overall trend of BTC has been pretty much as expected. The group has also reminded everyone not to FOMO too much in the short term. As expected, after returning to 110,000, it has entered a consolidation phase again.
Looking at the 4-hour structure here, the price has once again reached the upper boundary position. Based on past instances, the price won't stay at the upper boundary for too long, usually moving in a new direction within 1-2 days.
In previous instances, without exception, the price has moved down. This time, the 4-hour rebound is actually very similar in structure to the 4-hour rebound in early June. However, the difference is that the liquidity this time is stronger, and the accumulation time is longer, which can be intuitively felt from the relationship between volume and price.
So, in conclusion, I personally believe that this 4-hour rebound is very likely to be different from the past in terms of direction. In the short term, it can still move upward. For those who are chasing at high positions, as long as they ensure strong liquidation safety, they can target around 112,000. And for those who are still watching from the sidelines, it’s best not to blindly short. They can pay attention to around 108,300 and choose to enter with long positions. $BTC #BTC重返11万 #BTC #BTC走势分析
Looking at the 4-hour structure here, the price has once again reached the upper boundary position. Based on past instances, the price won't stay at the upper boundary for too long, usually moving in a new direction within 1-2 days.
In previous instances, without exception, the price has moved down. This time, the 4-hour rebound is actually very similar in structure to the 4-hour rebound in early June. However, the difference is that the liquidity this time is stronger, and the accumulation time is longer, which can be intuitively felt from the relationship between volume and price.
So, in conclusion, I personally believe that this 4-hour rebound is very likely to be different from the past in terms of direction. In the short term, it can still move upward. For those who are chasing at high positions, as long as they ensure strong liquidation safety, they can target around 112,000. And for those who are still watching from the sidelines, it’s best not to blindly short. They can pay attention to around 108,300 and choose to enter with long positions. $BTC #BTC重返11万 #BTC #BTC走势分析
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BTC
107,859.61
-1.75%