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4.4 Weekend Bitcoin Trading Strategy
Recently, as market volatility has decreased, the oscillation sentiment has intensified. Yesterday, Bitcoin traded within a narrow range all day, with lows around 662 and highs around 673. During the early morning hours, it moved sideways, with a fluctuation of no more than 400 points. Currently, Bitcoin is hovering around the 668 region.
From a technical perspective, after a significant decline, Bitcoin is consolidating with low-volume oscillations. On the hourly chart, Bitcoin fluctuates around the mid-line, switching between bullish and bearish signals. In the short term, there are no clear buy or sell signals. As today is the weekend, short-term trading is recommended.
The current short-term resistance is 675, with support at 660. As long as this range is not broken during the day, focus on trading within this zone.