After BTC found support at the 109300 level, it gradually rebounded, with funds showing a trend of inflow. The MACD indicator's momentum has strengthened, and the short-term market is generally leaning towards bullish.
However, it should be noted that the range of 112200-11300 is a previous trading concentration area. If the subsequent trading volume does not increase in sync, the probability of the price rising and then falling back is relatively high. The SEC is also conducting a quarterly review of the fees and redemption rules for spot ETFs. If there is a sudden increase in margin requirements, it may trigger short-term selling and exacerbate market volatility. From a technical perspective, the current RSI indicator has entered the overbought range, and the trading volume has not yet followed suit. If the volume cannot increase in the next two days, one should be wary of the "top divergence" pattern appearing, which may be accompanied by a rapid pullback.
The main strategy is to primarily position long orders at low levels, supplemented by small short positions at high levels. Focus on the support level at 111000 and the resistance level at 112200, with a core observation of the trading volume corresponding to these two points. Regardless of long or short operations, strict take profit and stop loss settings are required to cope with potential large fluctuations.
Operational advice: Around 110400-111000, target first looks at 111300-111600. #BTC#
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BTC midday market analysis
After BTC found support at the 109300 level, it gradually rebounded, with funds showing a trend of inflow. The MACD indicator's momentum has strengthened, and the short-term market is generally leaning towards bullish.
However, it should be noted that the range of 112200-11300 is a previous trading concentration area. If the subsequent trading volume does not increase in sync, the probability of the price rising and then falling back is relatively high.
The SEC is also conducting a quarterly review of the fees and redemption rules for spot ETFs. If there is a sudden increase in margin requirements, it may trigger short-term selling and exacerbate market volatility.
From a technical perspective, the current RSI indicator has entered the overbought range, and the trading volume has not yet followed suit. If the volume cannot increase in the next two days, one should be wary of the "top divergence" pattern appearing, which may be accompanied by a rapid pullback.
The main strategy is to primarily position long orders at low levels, supplemented by small short positions at high levels. Focus on the support level at 111000 and the resistance level at 112200, with a core observation of the trading volume corresponding to these two points. Regardless of long or short operations, strict take profit and stop loss settings are required to cope with potential large fluctuations.
Operational advice: Around 110400-111000, target first looks at 111300-111600. #BTC#