BTC Uncle Feng Bullish Market Analysis【Trend Insight】
The current market shows a pattern of consolidation and accumulation. Although the daily level is under short-term pressure at $110,700, bulls have formed a dense support zone in the $109,300 area, and trading volume is gradually warming up. On the technical side, the MACD indicator's green bars are shortening, and the RSI has exited the oversold range, indicating a weakening of bearish strength. Uncle Feng emphasizes that the market is in a repair cycle after a second bottom test, and attention should be focused on the breakthrough signal at $111,000 — if this position holds, there is potential for upward space to $112,500.
【Operational Strategy】
1. Steady Layout:
◦ Long Position Entry: Relying on $110,500−$110,000 for light long positions, targeting $111,500 (first target) and $112,800 (second target).
However, the cryptocurrency market changes rapidly, so it is essential to manage risk properly and set reasonable stop-losses. #BTC☀