Bitcoin has gradually stabilized after experiencing a technical pullback over the weekend, and the price has started to rise slowly. Although there was a fall due to resistance encountered in the short term, the decline has been limited, and the overall upward trend remains intact. After the weekend adjustment, the price of Bitcoin has re-established itself, and the market is still dominated by long positions.



From a technical perspective, Bitcoin started to rebound after finding support around 116600. Currently, the range of 116900 to 117500 may become a key trading area. Market participants should closely monitor the price movements within this range, and if a buying signal appears, they may consider establishing long positions.

It is worth noting that if Bitcoin can break through the current range, the next important target may be around 118500. However, investors should operate cautiously, closely monitor market changes, and adjust their strategies in a timely manner.

Overall, although there may be fluctuations in the short term, the overall trend of Bitcoin remains positive. Investors must conduct thorough research and risk assessment before making any investment decisions.
BTC-2.6%
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
  • 3
  • Repost
  • Share
Comment
0/400
LongTermDreamervip
· 12h ago
Three years later when you come back to this post, suckers become pros, I will first bury a Auto-Invest nail.
View OriginalReply0
SerumSqueezervip
· 12h ago
bearish traders continue to trap! fall down is what makes me happy
View OriginalReply0
MevTearsvip
· 13h ago
It's time to play people for suckers again~
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)