Bitcoin recently reached the daily support level around 70,000 and pulled back again. The bullish rally was short-lived; there are only localized moves without a clear trend. Trading should focus on short-term, intraday strategies. Without a confirmed trend, it's difficult to establish a pattern. Only if it stabilizes above 73, can we consider a trend. Otherwise, it remains in a range oscillation between 70,000 and 80,000, shaking out traders. Short positions at 68,500/69,500 can be profitable. If it breaks below 66,500, it could fall to around 65,000 support. Support levels are at 65,000/62,500/60,000. Consider going long near the average price at these levels, with a stop below 500 USD. In the short term, resistance is at 66,500/67,000; a breakout could target 69,000. The hourly chart shows a rebound with resistance above, but the momentum is weak, leading to increased shakeouts. Trading becomes more challenging. If it faces resistance nearby, consider shorting with a stop at 67,000.
The altcoin's movement is synchronized with Bitcoin. Major resistance on the daily chart is at 21,50/21,80, with short-term resistance at 20,50. Yesterday, it tested the 19,50 level and saw slight gains on a small long position, but fell below in the afternoon to around 18,80, where a rebound occurred. The trend is volatile. Strong support is at 18,00/17,80. For conservative traders, continue to go long near 18,00/18,30 with a stop at 17,80.
In the short term: - Consider long positions near 18,90-19,10 - Stop loss at 18,80 - Target 19,40-19,65; if broken, look for 20,00/20,30
For short positions: - Near 19,50/19,60 with a stop at 19,70
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Midday #深度创作营 Market Analysis:
Bitcoin recently reached the daily support level around 70,000 and pulled back again. The bullish rally was short-lived; there are only localized moves without a clear trend. Trading should focus on short-term, intraday strategies. Without a confirmed trend, it's difficult to establish a pattern. Only if it stabilizes above 73, can we consider a trend. Otherwise, it remains in a range oscillation between 70,000 and 80,000, shaking out traders. Short positions at 68,500/69,500 can be profitable. If it breaks below 66,500, it could fall to around 65,000 support. Support levels are at 65,000/62,500/60,000. Consider going long near the average price at these levels, with a stop below 500 USD. In the short term, resistance is at 66,500/67,000; a breakout could target 69,000. The hourly chart shows a rebound with resistance above, but the momentum is weak, leading to increased shakeouts. Trading becomes more challenging. If it faces resistance nearby, consider shorting with a stop at 67,000.
The altcoin's movement is synchronized with Bitcoin. Major resistance on the daily chart is at 21,50/21,80, with short-term resistance at 20,50. Yesterday, it tested the 19,50 level and saw slight gains on a small long position, but fell below in the afternoon to around 18,80, where a rebound occurred. The trend is volatile. Strong support is at 18,00/17,80. For conservative traders, continue to go long near 18,00/18,30 with a stop at 17,80.
In the short term:
- Consider long positions near 18,90-19,10
- Stop loss at 18,80
- Target 19,40-19,65; if broken, look for 20,00/20,30
For short positions:
- Near 19,50/19,60 with a stop at 19,70
(For reference only)