Midnight BTC Outlook
1. Technical Tug-of-War
- Range Volatility: Prices fluctuate within the range of $109,444 - $110,022, forming a **box consolidation pattern** on the 4-hour level, with the Bollinger Bands narrowing to ±0.6% (bandwidth hitting a monthly low), and a short-term directional choice imminent.
Key Levels Focus:
- Resistance: $110,000 (psychological barrier + short-seller stop-loss zone).
- Support: $109,200 - $109,500
Price Scenario Analysis
Scenario One: Downward Break
- Trigger Condition: Price falls below $109,200
- Target Path:
- First Support: $108,500 - $108,800
- Second Support: $107,000 - $107,500
Scenario Two: Weak Rebound
- Trigger Condition: Price stabilizes above $110,000
- Rebound Limits:
- Resistance 1: $110,500 - $110,800
- Resistance 2: $112,000
Trading Strategy
1. Short Strategy
- Current Price Short: Place short positions in the range of $109,600 - $109,800, stop-loss at $110,200, target $108,800 - $109,200.
2. Long Strategy
- Left Side Bottom Fishing: If the price sharply drops to $108,000, lightly test long positions, stop-loss at $107,300, target $109,500 - $110,000.
Right Side Breakout: After firmly standing above $110,500 with increased volume, retrace to go long, stop-loss at $109,800, target $112,000.
