财经少华
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Analyze Bitcoin
It is now 4:40 PM on the 5th. As long as BTC stays above the range of $113,500 to $113,750, the short-term structure remains neutral. However, if it cannot effectively hold above $116,200, the bulls may lose control of the trendline at the lower boundary of the channel.
If BTC falls below $113,000 with increased volume, the next reasonable support level will be at $111,976, followed by $110,000. Further declines could eventually push the price down to $103,500, a major convergence area from the beginning of the second quarter.
If Bitcoin breaks above $116,155 (super trend reversal), and the volume continues, the price may return to $118,000 and challenge the resistance around $121,600. However, such a breakout is still unlikely within the next 24 hours. #BTC
It is now 4:40 PM on the 5th. As long as BTC stays above the range of $113,500 to $113,750, the short-term structure remains neutral. However, if it cannot effectively hold above $116,200, the bulls may lose control of the trendline at the lower boundary of the channel.
If BTC falls below $113,000 with increased volume, the next reasonable support level will be at $111,976, followed by $110,000. Further declines could eventually push the price down to $103,500, a major convergence area from the beginning of the second quarter.
If Bitcoin breaks above $116,155 (super trend reversal), and the volume continues, the price may return to $118,000 and challenge the resistance around $121,600. However, such a breakout is still unlikely within the next 24 hours. #BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
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-0.49%
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