Yesterday, Bitcoin mostly moved sideways within a range. The two key levels I mentioned were reached as expected, creating two opportunities—first a long, then a short—and both trades were managed and closed successfully.
The current 4-hour structure looks weak, with both highs and lows moving lower. The moving averages are tangled as price tests a rebound, while the Bollinger Bands are narrowing. Bears have the short-term advantage, but we still need to see whether price can break out of the range decisively. The tightening volatility may be setting the stage for a directional move.
If price can hold above 82.5K–83K, you could consider a long and watch how the rebound responds to resistance around 85K–86K.
These are my personal views for reference only and do not constitute investment advice.
The current 4-hour structure looks weak, with both highs and lows moving lower. The moving averages are tangled as price tests a rebound, while the Bollinger Bands are narrowing. Bears have the short-term advantage, but we still need to see whether price can break out of the range decisively. The tightening volatility may be setting the stage for a directional move.
If price can hold above 82.5K–83K, you could consider a long and watch how the rebound responds to resistance around 85K–86K.
These are my personal views for reference only and do not constitute investment advice.