On the 4-hour timeframe, it is clearly visible that the bottom is gradually rising, and the rebound pattern from the bottom is currently playing out very perfectly. It is important to pay attention to the timing and the interference caused by other assets. These past two days have seen oscillations and adjustments; today, we will refer to the time cycle. The Bitcoin range is expected to contract between the high points of 88,800-89,500, with support around 85,800-86,500, fluctuating back and forth. Operations Bitcoin: When reaching the 88,500-89,000 zone, consider shorting, with a target of 86,600-86,000. Altcoin: When reaching the 3,090-3,050 zone, consider shorting, with a target of 3,000-2,950.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Midday Analysis
On the 4-hour timeframe, it is clearly visible that the bottom is gradually rising, and the rebound pattern from the bottom is currently playing out very perfectly. It is important to pay attention to the timing and the interference caused by other assets.
These past two days have seen oscillations and adjustments; today, we will refer to the time cycle.
The Bitcoin range is expected to contract between the high points of 88,800-89,500, with support around 85,800-86,500, fluctuating back and forth.
Operations
Bitcoin: When reaching the 88,500-89,000 zone, consider shorting, with a target of 86,600-86,000.
Altcoin: When reaching the 3,090-3,050 zone, consider shorting, with a target of 3,000-2,950.