BTC 4 Hour Market Analysis: Key Levels Behind Strong Fluctuations After Bitcoin Breaks Trend Line, It Has Been Fluctuating Above 108500U, This Adjustment Rhythm Is Relatively Strong, The Next Two Key Directions Need To Be Focused On:
If It Stays Above 108500U:
The Fluctuation Range Has Not Been Broken, Indicating Strong Bullish Support, There Is A High Probability That It Will Launch An Attack Towards The Historical High Of 111900U. At This Time, Pay Close Attention To Trading Volume — If The Breakout Is Accompanied By Increased Volume (More Than 1.5 Times The Average Of The Previous 3 K Lines), The Validity Of The Breakout Is Higher.
If It Falls Below 108500U:
You Need To Immediately Keep An Eye On The Support Level At 106500U — This Is The Lower Bound Of The Recent Fluctuation Range, And Also The Bullish 'Lifeline'. If It Can Hold, It May Continue To Consolidate In The 106500-108500U Range; Once It Breaks Down, The Adjustment Depth May Widen, And Testing The Previous Platform Support Near 105000U Cannot Be Ruled Out.
The Current Market Is At The 'Critical Point Of Bull-Bear Game', Operational Suggestions Are:
Holders Can Set Stop Loss Below 106500U To Avoid Being Stopped Out; Observers Should Wait For A Clear Direction Before Entering, Do Not Chase Highs Or Bottoms, Let The Bullets Fly For A While Longer.
