Pie Brother 3.13
The price of Bitcoin fluctuates sharply in the range of $81,000 to $84,000, currently reported at about $83,000, near the key support level of the 200-day moving average (approximately $83,000). The intraday low dipped to $80,578, with a high rebound to $84,487 but failed to hold, indicating strong resistance above.
The 4-hour MACD shows signs of upward crossover, but the daily level lacks upward momentum, and the Bollinger Bands are narrowing, indicating a decrease in volatility.
Short opportunity: If the price rebounds to the range of $84,000 to $85,000, consider shorting, with a target of $81,000 and a stop loss set at $86,500.
Long opportunity: If it retraces to the range of $80,000 to $81,000, consider a light long position, with a stop loss at $79,500 and a target of $83,500 to $84,000.
Strong resistance: 85,800/86,000 Strong support: 82,500/80,600
