$BTC The great shock is coming! Seize the key points and easily double your profits!
The current market is in a consolidation and recovery phase after fluctuations. Today, Saturday, it is expected to primarily experience range-bound volatility, with little chance of a one-sided trend. Overnight, Bitcoin continued to weaken, dipping to around 107200. The bullish rebound momentum has significantly weakened, and the technical pattern has shifted from strong to weak. Looking at the 4-hour level, after a price surge, it faced resistance from the middle band of the Bollinger Bands and fell back. The short-term rebound was hindered, while the Bollinger Bands are narrowing alongside the bearish arrangement of the auxiliary indicators.
For intraday operations, it is advisable to primarily adopt a high short strategy. If the price breaks below the support at 107000, further declines can be expected. If this position stabilizes, a low long position can be attempted. Specifically, consider entering a short position around 108500, with the initial target at 107000. If it breaks, hold the position; if it does not break, switch to a long position, and pay attention to strict loss control.
The market is dull; brothers who are facing liquidation, call me to get the recovery password!
