8.11 Morning Trading Thoughts
The entry range is near 63,500–64,000, with a preference to place orders here.
First target: 65,000. Second target: 65,500.
Place the stop-loss below 62,700.
This is an important buy-demand zone on the 4-hour/daily chart. In the earlier period, price repeatedly pulled back to this level and found buy support here. It is the lower edge of the current consolidation box.
On the daily chart, the 20-day moving average is located around this range as well. This is a low-buy area after a pullback, not a chase. When the price pulls back to this level, it indicates that the short-term pullback has released, and the setup is for a rebound—testing the idea of returning to the inside of the box upward to repair the trend #BTC走势分析
The entry range is near 63,500–64,000, with a preference to place orders here.
First target: 65,000. Second target: 65,500.
Place the stop-loss below 62,700.
This is an important buy-demand zone on the 4-hour/daily chart. In the earlier period, price repeatedly pulled back to this level and found buy support here. It is the lower edge of the current consolidation box.
On the daily chart, the 20-day moving average is located around this range as well. This is a low-buy area after a pullback, not a chase. When the price pulls back to this level, it indicates that the short-term pullback has released, and the setup is for a rebound—testing the idea of returning to the inside of the box upward to repair the trend #BTC走势分析