Hello, wise trading community!
The cryptocurrency market has experienced a positive recovery in the past 24 hours. Bitcoin ($BTC) has successfully broken and consolidated above the important psychological threshold, signaling a shift in market momentum.
1. Summary of BTC Price Action 24H (Updated)
• Current Price: Approximately $111,000 - $111,300 USD.
• Price volatility (24H): Strong increase (+2.5% to +4.5%). This growth indicates that buying pressure has prevailed.
• Trading Range (24H): $106,200 (Lowest) - $111,370 (Highest). This range indicates that BTC has strongly recovered from the local bottom.
• Trading Volume (24H): High, reflecting buyer interest as the price breaks through resistance levels.
• Market Sentiment: Shifting from Fear to Neutral or Slight Greed due to the price uptrend.
2. Technical Analysis: Breaking Resistance
The most important price action is that BTC has broken and maintained above the $110,000 level.
• Breaking $110,000: The $110,000 level was previously a psychological resistance and a concentration area for Short Stop-Loss (BSL) orders. The price breaking this level indicates that a local Short Squeeze has occurred, adding fuel to the uptrend.
• New Support ($108,000 - $110,000): The old resistance area $108,000 - $110,000 is now an important new support area. BTC needs to hold above this area to confirm the short-term uptrend.
• Altcoin Strength: The recovery of BTC is accompanied by a strong price increase of major Altcoins like ETH, BNB, and SOL (increasing about +4% to +5%), indicating optimism is spreading across the market.
3. Risks Ahead and Liquidity Scenarios
Although the uptrend is positive, the market always carries risks:
• Discount Scenario: If BTC cannot hold above $110,000 and is pushed back (closing price below $110,000), the recent uptrend may just be a Bull Trap. This will trigger a sell-off, causing the price to retest the $107,000 area (Long Stop-Loss area).
• Continuation Bullish Scenario: The next target for BTC will be the next local peaks, around $112,000 - $114,000. This is where the next BSL concentration is, which may trigger a second acceleration.
4. Conclusion & Trading Strategy
The market is trending towards recovery.
• Short-term Trend: Turning Positive as long as BTC holds above $110,000.
• Strategy:
• Leaning Long: Can find small entry points when the price retests the $110,000 area and bounces up.
• Risk Management: Set Stop-Loss tightly below $108,000.
This recovery move shows that the demand for buying at low prices is still very strong, but trade cautiously as the recent correction has left many Long positions vulnerable at lower levels.
#BTC #PhanTichKyThuat #ThanhKhoan #Bitcoin
(Disclaimer: This analysis is based on public data and is not financial advice. Always do your own research and manage risks before trading.)
