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1.23 Midday Thoughts
Looking at the current chart of Bitcoin, the 4-hour structure is clear, and the market remains locked in a consolidation range. Support and resistance levels are obvious, and the current price is just hitting the upper boundary of the range at the core resistance level. Trading volume has been shrinking, and the bullish momentum is clearly weakening. The midday trading strategy is to focus on rebound trades.
Bitcoin: Range of 90,000-91,000, with a target of around 88,000.
For aggressive traders, consider entering in batches with proper defensive positioning. #特朗普取消对欧关税威胁 $BTC