On Friday, the technical outlook remains in a consolidation phase. From the trend perspective, the market continues to move around technical support and resistance levels, with no clear directional continuation.
Currently, Bitcoin is approaching the end of the triangle convergence area. The 4-hour chart shows a flattening trend, and the overall framework is firmly locked within the 89500-86800 range. In the next two trading days, traders can operate with the idea of "selling high within the range and accumulating at lower levels."
Specifically, consider shorting Bitcoin between 89000-89500, with the first target around the support at 87200-86800. Once support is reached, consider reversing to a long position. The second Bitcoin (altcoin) maintains a similar rhythm, shorting between 3050-3020, with a target around 2980-2950.
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ParanoiaKing
· 9h ago
It's another fluctuation and range-bound movement. I've memorized this routine already, haha.
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AirdropATM
· 9h ago
The 89,500 level is really holding strong; after several attempts, it hasn't broken. Now, just waiting for a bottoming out and rebound.
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SigmaValidator
· 9h ago
Another range-bound fluctuation... It's getting annoying to watch, just waiting for the moment of break.
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ColdWalletAnxiety
· 9h ago
Another fluctuation, so annoying. When will it break through?
On Friday, the technical outlook remains in a consolidation phase. From the trend perspective, the market continues to move around technical support and resistance levels, with no clear directional continuation.
Currently, Bitcoin is approaching the end of the triangle convergence area. The 4-hour chart shows a flattening trend, and the overall framework is firmly locked within the 89500-86800 range. In the next two trading days, traders can operate with the idea of "selling high within the range and accumulating at lower levels."
Specifically, consider shorting Bitcoin between 89000-89500, with the first target around the support at 87200-86800. Once support is reached, consider reversing to a long position. The second Bitcoin (altcoin) maintains a similar rhythm, shorting between 3050-3020, with a target around 2980-2950.