Bitcoin continues to rebound along the 5-day moving average on the daily chart, with attention to the resistance level at the 100,000 mark. The long-term moving average MA360 has already started to turn downward. Last night, it encountered resistance near 97,900 on the 4-hour chart and pulled back. It is expected that the 30-minute chart will establish a new consolidation zone around 94,500-96,500. During the day, focus on resistance in the 97,500-98,000 area and support in the 95,000-94,500 area. For trading strategies, it is recommended to continue with a range-bound approach:
1. When approaching the 97,500-98,000 area, try short positions on rallies, with a stop loss set at 98,300 and take profit near 95,000. 2. When approaching the 95,000-94,500 area, try long positions on dips, with a stop loss set at 94,300 and take profit near 96,500.
The above suggestions are for reference and discussion only.
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Bitcoin continues to rebound along the 5-day moving average on the daily chart, with attention to the resistance level at the 100,000 mark. The long-term moving average MA360 has already started to turn downward. Last night, it encountered resistance near 97,900 on the 4-hour chart and pulled back. It is expected that the 30-minute chart will establish a new consolidation zone around 94,500-96,500. During the day, focus on resistance in the 97,500-98,000 area and support in the 95,000-94,500 area. For trading strategies, it is recommended to continue with a range-bound approach:
1. When approaching the 97,500-98,000 area, try short positions on rallies, with a stop loss set at 98,300 and take profit near 95,000.
2. When approaching the 95,000-94,500 area, try long positions on dips, with a stop loss set at 94,300 and take profit near 96,500.
The above suggestions are for reference and discussion only.