The essence of trading $BTC lies in following the trend—breakthrough follow-ups, profit-taking under pressure, and counter-trend moves. The market is always right; only those who can adapt flexibly can continue to profit. After the price fell from the high point of 110504 to a low of 109020, the price rebounded again to fluctuate around the integer level of 110000. The strategy of going long around 109300, suggested by Yund鹿 at midnight, also indicates there is a 1000-point space based on the market conditions. Currently, the price has slightly retreated to around 109650 for consolidation.
The 4-hour level shows a healthy adjustment trend, with MACD maintaining a golden cross above the waterline but with shrinking red bars. RSI has retreated from the overbought zone to a reasonable range of 65, and the middle line of the Bollinger Bands at 108800 serves as strong support. Key resistance levels to watch are the neckline at 110200 and the trendline resistance at 110800, while support below looks at 109000 and the daily trendline at 108800. It is crucial to pay close attention to early U.S. stock futures and capital flows, as failing to break through 110200 might form a double top structure; if it falls below the key support at 109000, it could trigger a deeper correction. It is advisable to maintain a flexible strategy to cope with market fluctuations.
Bitcoin recommendations: Go long in the 109300-109500 range (stop loss at 108800), target 110200-110800; breakthrough at 110200 can chase long up to 110800; upon first touch of the 110500-110800 area, consider trying a short position.
