10.21 Bitcoin: Consider a small long position around 82,500, with a stop at 82,000 and targets at 83,400/84,000.
For a short position, watch for resistance around 83,400, with a stop at 84,000 and targets at 82,800/82,200.
Bitcoin rebounded steadily from 79,732 on the 1-hour chart, reaching a high of 83,420. It is now consolidating near the highs at 82,891, and the short-term moving averages are starting to turn upward. The 82,500 area is near-term support. If price holds above 83,400, the next level to watch is 84,000.
Cooling expectations for Fed rate hikes have given bulls some breathing room, but rising oil prices and Red Sea shipping risks remain. The market could see a sudden wick at any time.
Nine years of trading: when an opportunity comes, I act decisively; if the price level is wrong, I never stubbornly hold on.
Keep a close eye on 83,400 this time. A breakout could signal further gains; if price meets resistance after a sharp rise, watch for a pullback. Don’t wait until the move is over to think about entering. $BTC
#BTC走势分析
For a short position, watch for resistance around 83,400, with a stop at 84,000 and targets at 82,800/82,200.
Bitcoin rebounded steadily from 79,732 on the 1-hour chart, reaching a high of 83,420. It is now consolidating near the highs at 82,891, and the short-term moving averages are starting to turn upward. The 82,500 area is near-term support. If price holds above 83,400, the next level to watch is 84,000.
Cooling expectations for Fed rate hikes have given bulls some breathing room, but rising oil prices and Red Sea shipping risks remain. The market could see a sudden wick at any time.
Nine years of trading: when an opportunity comes, I act decisively; if the price level is wrong, I never stubbornly hold on.
Keep a close eye on 83,400 this time. A breakout could signal further gains; if price meets resistance after a sharp rise, watch for a pullback. Don’t wait until the move is over to think about entering. $BTC
#BTC走势分析
