10.8 Uncle Chen’s BTC Market Outlook
BTC rose to around 85,540 before meeting resistance and falling, eventually pulling back to a low of 82,787. After the decline, the market entered a period of low-level consolidation and recovery. Short-term downward momentum has eased somewhat, and the market is beginning to form a base. The next step is for a rebound signal to emerge.
Trading recommendation
Go long at 82,900–82,400
Risk level: 81,900
Targets: 85,000–86,000
#BTC
BTC rose to around 85,540 before meeting resistance and falling, eventually pulling back to a low of 82,787. After the decline, the market entered a period of low-level consolidation and recovery. Short-term downward momentum has eased somewhat, and the market is beginning to form a base. The next step is for a rebound signal to emerge.
Trading recommendation
Go long at 82,900–82,400
Risk level: 81,900
Targets: 85,000–86,000
#BTC