#BTC走势分析 Friday BTC Analysis: Fluctuating Upwards, Focus on Key Support and Resistance Levels
In the early morning, BTC surged strongly, breaking the historical high and touching a peak of 111900 before pulling back. Currently, it is fluctuating around 110480. Today, we will conduct a technical analysis of this wave of market movement to help everyone better grasp the market trend.
Market Review
Yesterday early morning, BTC price surged strongly, breaking the historical high of 111900. After refreshing the record, the price pulled back, reaching a low of around 110400. The current price is fluctuating around 110402, and the overall trend still shows a strong upward momentum.
Technical Analysis
From the daily chart, BTC shows a clear stair-step ascending pattern. This trend typically reflects a bull-dominated market structure. Additionally, the current coin price is gradually approaching the upper Bollinger Band, indicating that the space for short-term pullbacks is shrinking, and the overall upward trend remains very clear.
In the short term, we can operate around the following key areas:
1. Support Level: Around 110500-111000
This area is the current key support zone. If the price pulls back to this range and receives effective support, it may initiate another upward move.
2. Target Range: 112000-113000
Once the coin price breaks 111000, the range from 112000 to 113000 will become the main target for the next wave of upward movement. This area has strong resistance, so it is necessary to closely monitor whether the price can break through.
At present, the overall trend of BTC is still bull-dominated, and the pullback space is getting smaller, with prices expected to continue challenging new highs. In terms of operation strategy, attention can be paid to the support area around 110500-111000. If there is a pullback to this level, one can appropriately lay out long positions, with targets set in the range of 112000-113000.
Investors should note that although the trend is favorable, market fluctuations may also bring about short-term pullbacks, so it is essential to manage positions reasonably and maintain the ability to respond flexibly to market volatility.
What do you think about BTC's current trend?
