Midday pancake oscillates, waiting to break through:


The afternoon market remains stable within the range center, with short-term fluctuations around key moving averages. The 4-hour chart has not broken the oscillating box, and the trading volume is converging, indicating a wait-and-see approach for both bulls and bears!

Short-term oscillation characteristics are significant. Moving averages are intertwined, support and resistance overlap, and caution is needed for direction selection after a breakout. The current price is in the middle of the trend channel; if it stabilizes and expands at the upper edge, it may initiate an upward movement. Conversely, breaking below support poses a risk of an expanded range.

The operation suggestion is to hold a light position and observe, paying attention to the strength of the breakout and the matching of volume. Be patient until the structure becomes clear, and make sure to set stop-losses to control risks!

Bitcoin: 116300 115800 or more, target 118500! Look up upon breakthrough!
BTC0.82%
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)