In-Depth Analysis of BTC Market: The Critical Moment at $117,340
Friends, BTC is currently at $117,340, and the market atmosphere is a bit subtle. Let's discuss the recent trends and possible future directions.
Recent Trend Review:
BTC has been oscillating in the range of $115,000 to $118,000 recently, with a relatively balanced short-term bullish and bearish force. The $117,340 position is at the intersection of important support and resistance, and any slight fluctuation could determine the rhythm of the next market wave.
Support Level: Around $115,000 is the key short-term support; this area has received buying support multiple times, and the risk of breaking below is significant.
Resistance Level: About $118,500 is the recent high-pressure point. If broken, it is expected to challenge the psychological level of $120,000.
Moving Average Observation: The daily MA20 and MA50 show a bullish arrangement, and the trend leans towards optimism, but trading volume needs to expand to confirm the breakout.
Currently, the market rhythm is still consolidating, making it suitable for light position testing.
If the price can hold the $115,000 support, short-term long positions can be focused on, targeting the range of $118,500 to $120,000.
If it breaks below $115,000, be cautious of a retracement near $112,000, and risk control with timely stop-loss is necessary.
My Advantage: I monitor the market every day, accurately capturing key points and trend rhythms, helping you avoid blind operations. Want to steadily follow trades and learn to grasp BTC's real profit rhythm?
Contact me, let's seize the market together and not miss any opportunity!
Don't hesitate, the market changes rapidly; timely communication is the key to victory!
Contact me, and we will steadily make money together!
