Today’s Bitcoin technical outlook


When Bitcoin volume increases and breaks through 2320, go long accordingly, and move the stop-loss up;
Once volume increases and drops below 2299, immediately reverse to short, and be sure to set a stop-loss.

If the pullback holds at 2249, go long with a small position,
If it drops below 2219, exit immediately with a stop-loss.

If the hourly chart stabilizes at 2320, the outlook is bullish, with targets at 2359–2387;
Touching 2387 above can be a short opportunity,
If it stabilizes above 2422, set a stop-loss.

Key high and low levels:
Resistance above: 2320, 2359, 2387
Support below: 2299, 2253, 2215
If the four-hour chart drops below 2283, look for a bearish trend, with the first target at 2234 and the second at 2174.

Yesterday, Bitcoin was heavily dumped, breaking the triangle range directly.
Currently, support at 2289 is weak and unlikely to hold,
Once broken, head directly to around 2236 to test the bottom.

To stop the decline and rebound is simple:
Regain the triangle structure and stabilize above 2333,
If unable to break above, the short-term trend will continue to weaken and decline.
ETH-1.86%
GT0.68%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin