📈Looking at the 4-hour candlestick chart, Bitcoin continued to pull back and decline today. The short-term support level remains in the 107,000-107,500 range, which has provided support multiple times during previous downward movements. If the price breaks below this range, it may further drop to around 105,000. The resistance level is in the 112,000-113,000 range; a breakthrough here is expected to open up more upward space.
📝In the long term, after Bitcoin's fourth halving in April 2024, its daily production dropped from 900 to 450 coins, with the inflation rate falling below 1% for the first time. This has further strengthened its scarcity. Combined with the surge in institutional demand, the supply-demand gap is expected to widen, supporting a long-term upward price trend.
💡However, in the short term, the contradiction between continuous institutional inflows and profit-taking by short-term holders may lead to certain price fluctuations.
💎Trading Strategy:
Buy 107,000 - 107,500
SL 106,500
TP 108,000 - 109,000 - 110,000
Sell 111,500 - 111,000
SL 112,000
TP 110,000 - 109,000 - 108,000
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
📝In the long term, after Bitcoin's fourth halving in April 2024, its daily production dropped from 900 to 450 coins, with the inflation rate falling below 1% for the first time. This has further strengthened its scarcity. Combined with the surge in institutional demand, the supply-demand gap is expected to widen, supporting a long-term upward price trend.
💡However, in the short term, the contradiction between continuous institutional inflows and profit-taking by short-term holders may lead to certain price fluctuations.
💎Trading Strategy:
Buy 107,000 - 107,500
SL 106,500
TP 108,000 - 109,000 - 110,000
Sell 111,500 - 111,000
SL 112,000
TP 110,000 - 109,000 - 108,000
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
تم فتح الصفقة
It was pointed out that "the 4-hour chart continues to pull back, with short-term support in the 107,000-107,500 range". Intraday BTC has continued to fluctuate around this support zone without breaking below the key level, and it was also noted that the resistance level is around 113,000，a breakthrough here is expected to open up more upward space. Today's fluctuations are completely in line with expectations.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.