The charm of the K-line at $BTC lies in its unpredictability. It is this uncertainty that creates opportunities for excess returns, keeping the market full of surprises and challenges. Remember, we are not trading the future, but probabilities; what we pursue is not precise predictions, but sustainable response strategies. The market shows a typical range oscillation pattern, with the price fluctuating between 120526-119522, currently consolidating around 119900.
Technical indicators show that the market is in a balanced state: the 1-hour MACD is flat near the zero axis, and the RSI remains in the neutral zone of 45-55. The 4-hour Bollinger Bands continue to narrow, indicating an impending directional choice. The current range of 119500-120500 forms a clear oscillation box, with resistance above at the daily high of 120500 and the psychological level of 121000, while support below is at the daily low of 119500 and the previous low of 119000. It is especially important to note that the current market volatility is low, so caution is advised for breakout conditions. Pay close attention to the volume changes before and after the European session opens: if volume continues to decrease, maintain a range trading approach; if volume breaks out, follow up in a timely manner. It is advised that traders remain flexible, manage positions strictly, and avoid heavy trading at key levels. Historical data shows that after similar narrow oscillations, breakout trends often have strong persistence, so be prepared for trend-following trades.
Trading suggestion: Build long positions in the support zone of 119500-119700, reduce or reverse near the resistance zone of 120300-120500; if it breaks above 120800, you can enter a light long position with a target of 121500; if it breaks below 119000, stop loss and wait to test the support at 118500.
