BTC’s flight situation is fluctuating.
Bitcoin and Ethereum are similar in that they both undergo vertical to horizontal adjustments.
- Interval 111600-113200. At the daily level, the price has been bearish for three consecutive days, falling below the middle track, and the technical form is bearish.
After rising, Baipan quickly fell back, with a significant false rebound, and may continue to fall in the future.
Short term gains have not been effectively broken through, and there is a tug of war between long and short positions. Recently, the market pace has been fast, and blindly following the trend can easily lead to passivity. Given that prices have repeatedly failed to reach key pressure levels, it is expected that the market will experience a deep rebound in the future. Price trend: The hourly chart is in the consolidation range of 4130-4250, breaking through the upper boundary to see resistance at 4300 and 4400; If it falls below the lower boundary, pay attention to the support of 4050-4080!
Technical form: In a bullish flag shape, the weekly Stochastic RSI shows that there is still room for improvement, and breaking through resistance will accelerate the rise!
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