#BTC #ETH After a brief adjustment over the weekend, the price of Bitcoin shows signs of recovery. Looking back at the midday flight situation, the price comparison repeatedly attempted to break through the 11W mark, but failed to do so effectively, and then began to oscillate and decline. Late last night, Lao Hu also provided a high-altitude strategy, with the orange futures short position taken in the morning at Luodai, and Bitcoin's performance hitting 931 points and 46 points respectively.
From the 4-hour K-line trend, the price comparison presents a box oscillation pattern, with the key resistance level at 109700 not being effectively broken through, while a phased support level forms around 108000, with both parties engaged in repeated games within this range. In terms of technical indicators, the MACD histogram line on the 4-hour level has turned from red to green, and the DIF and DEA dual lines are approaching the zero axis, indicating a significant exhaustion of short-term upward momentum; on the daily level, although the MACD still maintains a bullish area above the zero axis, the red bars continue to narrow, suggesting signs of weakness in the overall upward trend. In the short term, it is recommended to pay attention to short-selling opportunities as the price comparison rebounds near the resistance level. It is suggested to consider 109700 as the key resistance level, and if the price rebounds close to this level, consider shorting at a high.
Operational suggestions
Bitcoin near 109200-109700, target 108000
Performance near 2580-2600, target 2500
