Bitcoin remains volatile with continued consolidation around 68,300, poised for a breakout. The pullback and buy strategy remains unchanged.


Currently, the price is consolidating around 68,300, with the overall market still mainly oscillating within a range and no clear breakout signs yet. The daily chart has basically established a sideways pattern, and the "buy on pullback" strategy proposed this morning still holds true without adjustment.
From the market structure perspective, after the hourly price completed a phase of bottoming, it has begun to rebound. It is now fluctuating below the middle band of the Bollinger, performing technical repairs through time rather than price. The market lacks significant news catalysts, trading sentiment remains cautious, and overall volatility is limited, further emphasizing the oscillation characteristics.
The daily signals are clear, and the trend remains within a correction channel. The price repeatedly consolidates near the middle Bollinger band, whose support is gradually strengthening and can serve as a short-term defensive level for bulls. The first key resistance above is at the 70,000 level, which is a recent critical resistance zone. A breakout requires increased volume; otherwise, the price may face pressure to fall back.
Overall, the market is still in a buildup phase. Until the direction becomes clear, continue to adhere to the strategy of "buying on dips," using pullbacks for entry, strictly setting stop-losses, and seizing structural opportunities within the oscillation. #加密市场反弹
BTC-2.05%
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
  • Pin

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 язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)