Analysis of BTC Trends and Trading Suggestions for This Week
This week, Bitcoin (BTC) has shown strong signs of a tug-of-war between bulls and bears, with an overall trend leaning towards fluctuating upwards. However, attention must be paid to technical support and resistance levels. Below are the specific analysis and suggestions:
Trend Analysis
1. Price Range Prediction
According to the latest data, Bitcoin may fluctuate within the range of $92,000 to $105,000 this week. If market sentiment remains high, breaking through $100,000 will further attract buying interest.
2. Influencing Factors
• Increased Institutional Demand: Continuous buying by large institutions (such as the approval of BlackRock's ETF) has injected long-term confidence into Bitcoin.
• Macroeconomic Environment: Expectations of loose interest rate policies and a weakening dollar provide potential support for BTC.
• Technical Support: The short-term support level is at $90,948; if it breaks below this, it may test the key point at $88,000.
3. Risk Warning
Market correction risks at high levels should be monitored, especially in the absence of sustained positive news.
Trading Suggestions
1. Entry Opportunities:
If the price corrects to the range of $92,000-$94,000, this is a relatively optimal area for positioning, suitable for incremental buying. This range is close to short-term support, with relatively limited correction risks.
2. Breakout Follow-Up:
If the BTC price breaks above $100,000, light buying can be followed in the range of $100,500-$101,000, with a target up to $105,000.
3. Stop-Loss Settings:
For short-term traders, it is recommended to set a stop-loss below $90,000 to control correction risks
