#Strategy加仓BTC Gold bulls are a bit fierce, 4800 is calling!
From the 4-hour chart, the price has been riding the Bollinger Bands all the way up, now touching the upper band at 4789.57, just a hair away from the previous high of 4781.21. The Bollinger Bands are opening upward, with the middle band at 4668.05 acting as a solid support. The price is pushing up along the upper band, showing no signs of weakening.
Here's the key point: the 4789-4790 zone faces strong resistance. If it breaks through, the next target is the round number 4800; support below is around 4750. A pullback to that level could be a good entry point.
My idea: Continue to buy on dips around 4750, targeting the range of 4780-4790. If it breaks through, then look toward 4800.
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RugResistant
· 14h ago
ngl that 4789 resistance is sus... watched this exact pattern play out last cycle, usually gets rejected hard before the real breakout. definitely not as clean as it looks on the chart rn tbh
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PumpingCroissant
· 14h ago
4800 has really arrived, this bullish momentum is incredible. I have already positioned myself at 4750.
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CantAffordPancake
· 14h ago
Can the 4800 barrier really be broken? It feels a bit tiring to keep bouncing between 4789. It's more solid to wait patiently for 4750 before entering again.
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FlashLoanLarry
· 14h ago
ngl the 4750 entry thesis validates what i've been seeing in the liquidity depth... pure capital utilization play if it holds support there
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SneakyFlashloan
· 14h ago
The Bollinger Bands are indeed widening rapidly, but will 4789-4790 really break through obediently? I think it's a bit uncertain; historically, integer thresholds tend to get smashed through in a wave.
#Strategy加仓BTC Gold bulls are a bit fierce, 4800 is calling!
From the 4-hour chart, the price has been riding the Bollinger Bands all the way up, now touching the upper band at 4789.57, just a hair away from the previous high of 4781.21. The Bollinger Bands are opening upward, with the middle band at 4668.05 acting as a solid support. The price is pushing up along the upper band, showing no signs of weakening.
Here's the key point: the 4789-4790 zone faces strong resistance. If it breaks through, the next target is the round number 4800; support below is around 4750. A pullback to that level could be a good entry point.
My idea:
Continue to buy on dips around 4750, targeting the range of 4780-4790. If it breaks through, then look toward 4800.