Currently, Bitcoin is fluctuating around the 66,000 level. From a structural perspective, the bulls haven't truly taken control; instead, they are repeatedly facing resistance in the pressure zone.
After reaching the previous high of around 70,938, the overall structure has been oscillating downward, with lower highs continuously forming; recent rebounds have touched the middle-upper Bollinger Band and then pulled back under pressure, failing to firmly stay above the middle band; the Bollinger Bands are beginning to contract, and the price is repeatedly tugging around the middle band, indicating a weak consolidation.
Therefore, the current trend looks more like a sideways correction after a decline rather than a trend reversal. Weak oscillations are most likely to lead to a secondary bottom or even a breakdown to new lows.
Personal Suggestions: Bitcoin: Enter long positions between 66,500-67,200, with targets down to 65,000; if broken, look at 63,500 and 62,000. Auntie: Enter long positions between 1,960-1,980, with a target down to 1,880; if broken, look at 1,800!
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3.2 Bitcoin Auntie’s Evening Strategy
Currently, Bitcoin is fluctuating around the 66,000 level. From a structural perspective, the bulls haven't truly taken control; instead, they are repeatedly facing resistance in the pressure zone.
After reaching the previous high of around 70,938, the overall structure has been oscillating downward, with lower highs continuously forming; recent rebounds have touched the middle-upper Bollinger Band and then pulled back under pressure, failing to firmly stay above the middle band; the Bollinger Bands are beginning to contract, and the price is repeatedly tugging around the middle band, indicating a weak consolidation.
Therefore, the current trend looks more like a sideways correction after a decline rather than a trend reversal. Weak oscillations are most likely to lead to a secondary bottom or even a breakdown to new lows.
Personal Suggestions:
Bitcoin: Enter long positions between 66,500-67,200, with targets down to 65,000; if broken, look at 63,500 and 62,000.
Auntie: Enter long positions between 1,960-1,980, with a target down to 1,880; if broken, look at 1,800!