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BTC current situation: range fluctuation, buy low, sell high
Overall situation
· Long-term trend: still bullish (moving average system remains in a bullish arrangement)
· Short-term pattern: trapped in a range-bound fluctuation, with the interval between 112000 and 117150 US dollars.
· Core concern: Although the price is rising, the trading volume has not cooperated, resulting in a divergence between price and volume.
· Market environment: The news front is quiet, lacking clear directional guidance.
key price level
· Strong support below: $112,000 (consider placing long orders if reached)
· Strong resistance above: 117150 USD (consider reducing positions in batches near this level)
· Breakthrough signal:
· If it effectively breaks above 118000, it is expected to open up further upward space.
· If it effectively breaks below 110000, it may trigger a new round of pullback.
Operating Strategy
1. Lightly short near the resistance level
· Entry zone: around 116500
· Stop loss setting: above 118000
· Target looks towards: around 113600
· Core Logic: Prices are approaching the resistance zone, and the market's willingness to follow is insufficient.
2. Gradually buy near the support level
· Entry area: around 112000
· Stop loss setting: below 110000
· Target looks to: around 114800
· Core logic: Pullback to key support while the overall trend has not yet reversed to bearish.
Strategy Summary
The most essential operation at the moment is the word "wait." Patiently wait for the price to run near the upper edge of the range before considering selling, and consider buying when it reaches near the lower edge of the range, while maintaining a wait-and-see attitude in the middle area. Be sure to set stop-loss orders, maintain discipline, and do not blindly chase the market up or down. #Gate500万U交易计划来袭