3/2 Bitcoin Strategy
In the current cryptocurrency market, the trend of Bitcoin (BTC) is receiving significant attention. From a technical analysis perspective, over the past four hours, the market has shown a significant bullish volume trend. The strong injection of bullish forces has greatly increased market trading activity, with trading volume continuing to rise, clearly indicating that the bullish forces in the market are gaining advantage and actively pushing prices upwards.
Looking at the Bollinger Bands indicator, it is evident that the bands are opening upwards. The widening of the Bollinger Bands typically signifies increased market volatility, and an upward opening strongly suggests that there is further room and momentum for prices to rise. Meanwhile, the candlestick is continuously oscillating in the middle to upper range of the Bollinger Bands. This oscillation is not chaotic but rather a consolidation of strength within a relatively strong area, supported by bullish forces, accumulating energy for a potential significant upward movement.
From the daily MACD indicator analysis, the current signs of bearish volume contraction are very clear. The MACD bearish volume contraction indicates that the previously dominant bearish forces in the market are gradually exhausting, and the momentum of the market decline is continuously weakening, while bullish forces are quietly accumulating. Based on the performance of several technical indicators, the overall trend shows a clear rebound trend.
Based on this market analysis, the intraday trading strategy suggests focusing primarily on buying on pullbacks.
BTC: Buy in the range of 84500 - 85200
Target: 88000 - 89000 range.
During this process, investors need to closely monitor market dynamics and set reasonable stop-loss and take-profit levels to effectively control risks and achieve steady investment returns.#白宫首届加密货币峰会 #美SEC：Meme币非证券 #币安HODLer空投SHELL #比特币价格走势分析 $BTC $ETH
