Horizontal extension, both bullish and bearish are suitable. Brothers, this morning when I opened the market data, BTC dropped a bit again, which aligns with the recent expectation of a bullish oscillation and horizontal extension mentioned by the teaching chain. Currently, it is under strong pressure at 113500, and it was seeking to break above around 113000 for almost 12 hours yesterday, but it didn't happen. Today it has started to fall, and the upward movement over the past three days has been on lower trade volumes. Although the ETF has basically seen net inflows for a week, the market sentiment seems to be lacking. During the day, we will continue with the range oscillation strategy; we will follow along if there is a breakout with higher trade volumes. The support level below is in the range of 110500-110000, and today, being Friday, there are no major events affecting the independent market trend. The important breakout expectation will have to wait until next week's US Non-farm Payrolls (NFP) week.


In terms of titanium, due to the impact of staking pressure relief, the drop will be greater. Focus on the support range of 4400-4430 below and the resistance range of 4630-4660 above. This is also a range trading approach.
Buy near 111000, add buy near 110500, look at 112500, strong at 113500.
Aggressors are buying with titanium, buying around 4430, adding positions near 4400, looking at 4600, strong momentum at 4650.
The resistance at 112500-113000 has no strength to break, so you can directly short at titanium 4600-4620 without much concern.
BTC0.7%
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
0/400
No comments
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)