"The longer the sideways movement, the more intense the change - no celebration if it doesn't break 119,800, no panic if it doesn't fall below 115,700!"
News:
Current market: Fibonacci range oscillation
BTC 1-hour level is stuck in the Fibonacci zone of 115,700-119,812, key points:
Ceiling 119,812: 100% Fibonacci level, a breakout is needed to start a new trend
Floor price 115,700: 0% Fibonacci level, breaking below may accelerate downward movement
Watershed 117,756: 50% position, dividing line of long and short strength
Technical perspective:
MACD golden cross but with decreasing volume: DIF crosses above DEA, but the red bars shorten, indicating insufficient upward momentum
Low transaction volume (3,061 units): Large funds are observing, retail investors dominate 'buy low, sell high'
Bollinger Bands are narrowing: Price is oscillating near the middle track, a change is approaching
Key variables and strategies
If favorable news drives it:
After breaking out with volume at 119,812, it may test the range of 122,000-125,000
Strategy: After breaking through, retest at 118,900 for a light long position, stop loss at 117,500
If bad news strikes:
Falling below 115,700 may quickly test the support zone of 113,000-110,000
Strategy: Reduce positions below 116,000, wait for stabilization to re-enter
Chain Circle operation suggestions
Short-term trading:
Range operation: Buy low and sell high within 116,000-119,000, stop loss 1.5%
Breakout trading: Chase long after confirming the breakout at 119,812, short after a pullback below 115,700
Long-term holding:
Hold and observe: The overall trend is not damaged, avoid being shaken out
Opportunity to increase positions: If it retests 112,000-113,000, you can accumulate in batches
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