Friday Morning Bitcoin Analysis

Currently, Bitcoin is in a volatile trend based on technical indicators such as MACD, Bollinger Bands, and RSI, and has not yet formed a unilateral trend, so in the short term, it is suitable to trade around key support and resistance levels for high selling and low buying.

1. Key Levels

1. Upper Resistance: 860, which has been tested multiple times recently without breaking through. If it cannot rise, it may pull back. If it breaks out with volume, the upward space will open up, and short positions should quickly stop loss.

2. Short-term Support: 830, which has held up during multiple pullbacks, can be considered for short-term buying. If it breaks below, it may drop to 812.

3. Important Support: 812, which is the boundary line for short and medium-term bullish and bearish trends. A break below this level indicates a weakening trend, and the pullback may deepen.

2. Trading Suggestions

Sell high and buy low in the 830-860 range, buy near 830-835, and sell near the 855-860 resistance.

3. Response to Breakouts

Whether it breaks upward past 860 or falls below 812, operations should be conducted with light positions, and stop losses should be set.