September 15, $BTC market analysis
BTC has seen a 12-hour oversold rebound, with support around 76,300
The bottom-correction phase hasn’t finished yet. Yesterday it made a push up; today we’re looking for an intraday pullback and rebound
As long as 76,300 doesn’t break, the 12-hour rebound has a chance to start
If it breaks, then look to the next level on the daily chart. As time passes, daily-chart support will move up
Right now it’s around: 73,360. It may move up to around: 75,800
So the trading idea can consider: 76,800 75,800 74,800 73,800
These key support levels—go long in batches
Intraday supports are slightly higher: 77,280 76,800 76,300
Overhead resistance zone: 79,500 81,000 82,200
Currently the direction is bullish. Near 76,500 there’s no need to chase a short—downside space is limited
Personally, I still prefer low-buy longs
BTC has seen a 12-hour oversold rebound, with support around 76,300
The bottom-correction phase hasn’t finished yet. Yesterday it made a push up; today we’re looking for an intraday pullback and rebound
As long as 76,300 doesn’t break, the 12-hour rebound has a chance to start
If it breaks, then look to the next level on the daily chart. As time passes, daily-chart support will move up
Right now it’s around: 73,360. It may move up to around: 75,800
So the trading idea can consider: 76,800 75,800 74,800 73,800
These key support levels—go long in batches
Intraday supports are slightly higher: 77,280 76,800 76,300
Overhead resistance zone: 79,500 81,000 82,200
Currently the direction is bullish. Near 76,500 there’s no need to chase a short—downside space is limited
Personally, I still prefer low-buy longs