From the recent hour of Bitcoin price movement, BTC has completed a downward trend near $10,725. Currently, the market seems to be entering a rebound phase.
Analysis shows that the resistance for Bitcoin is mainly concentrated in the range of $115,500 to $120,500. This range corresponds exactly to the 0.5 to 0.786 Fibonacci retracement levels, which technical analysts usually keep a close eye on.
If the Bitcoin price cannot stabilize within this range, it is likely to form a typical zigzag correction pattern. In this case, we may see the price fall back to the range of 110,000 to 107,000 USD.
In summary, Bitcoin may have another upward repair trend in the short term. However, investors need to be cautious, as this rebound is likely just a 'relay' rather than a change in long-term trend. To determine the true direction of the price movement, we may need to wait until this rebound ends to see more clearly.
In this uncertain market environment, investors should remain vigilant, closely monitor market trends, and manage risks effectively. At the same time, it is important to be aware of the high volatility in the cryptocurrency market and not let short-term price fluctuations easily influence judgment.
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RiddleMaster
· 9h ago
Bear it, bear it, let's disperse.
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NotGonnaMakeIt
· 10h ago
No matter the interval, just get it done.
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GasFeeBarbecue
· 09-04 15:41
Sideways for too long, I don't understand.
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ContractHunter
· 09-04 06:49
go long shorting all liquidated
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IntrovertMetaverse
· 09-04 06:25
This market is frustrating, just wait and see.
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MoonRocketman
· 09-04 06:23
The launch window is open, and the energy replenishment zone is about to reach the golden trajectory line.
From the recent hour of Bitcoin price movement, BTC has completed a downward trend near $10,725. Currently, the market seems to be entering a rebound phase.
Analysis shows that the resistance for Bitcoin is mainly concentrated in the range of $115,500 to $120,500. This range corresponds exactly to the 0.5 to 0.786 Fibonacci retracement levels, which technical analysts usually keep a close eye on.
If the Bitcoin price cannot stabilize within this range, it is likely to form a typical zigzag correction pattern. In this case, we may see the price fall back to the range of 110,000 to 107,000 USD.
In summary, Bitcoin may have another upward repair trend in the short term. However, investors need to be cautious, as this rebound is likely just a 'relay' rather than a change in long-term trend. To determine the true direction of the price movement, we may need to wait until this rebound ends to see more clearly.
In this uncertain market environment, investors should remain vigilant, closely monitor market trends, and manage risks effectively. At the same time, it is important to be aware of the high volatility in the cryptocurrency market and not let short-term price fluctuations easily influence judgment.