Family, let's talk about the situation of BTC during noon. Recently, the trend of Bitcoin
Currently, the BTC price is at a critical stage. From a technical indicator analysis, multiple indicators are releasing some signals. For instance, the MACD indicator's current state suggests that the market's bullish and bearish forces are changing, although there is still no particularly clear direction, the bullish momentum is slowly accumulating. The KDJ indicator is also in a delicate position, indicating that the price may experience significant fluctuations next.
Looking at the candlestick chart, the short-term trend has some reference value. Previously, the price had some ups and downs, but from the noon perspective, the current price is fluctuating within a relatively stable range. I analyzed that the range of 113500 - 113800 is a relatively good entry point for long positions. Why do I say this? This position is near a previous support level, and from the recent price fluctuations, there is strong buying support at this level. If the price pulls back to here, it is very likely to bounce back after finding support.
Let's operate according to this idea, going long around 113500 - 113800. First, we set the target at 114700; this target is not set randomly. The position of 114700 is a short-term resistance level, and once broken, there may be more room for further upward movement. However, if the price reaches this level and the upward momentum is insufficient or there are clear signs of a pullback, we will take profits and secure our gains first.
