Bitcoin Market Outlook Today
#BTC The big cake (BTC) this morning pulled back to 58850 and rebounded; as of now, the highest rebound has reached around 60300, followed by a small pullback and consolidation on the verge of the 60000 area. Currently, BTC is still trading in a range. Intraday, it is technically rising, but it has not broken through resistance. In the short term, it hasn’t even hit 60500. The key point is to watch 61000—only if it breaks above there can it open up upward space.
Trading suggestion: On rebounds, mainly look for selling rallies in the 60500–61000 zone, set a stop-loss on a breakout, take profit on the downside in the 59000–58000 area, and then rebuild the position.
#BTC The big cake (BTC) this morning pulled back to 58850 and rebounded; as of now, the highest rebound has reached around 60300, followed by a small pullback and consolidation on the verge of the 60000 area. Currently, BTC is still trading in a range. Intraday, it is technically rising, but it has not broken through resistance. In the short term, it hasn’t even hit 60500. The key point is to watch 61000—only if it breaks above there can it open up upward space.
Trading suggestion: On rebounds, mainly look for selling rallies in the 60500–61000 zone, set a stop-loss on a breakout, take profit on the downside in the 59000–58000 area, and then rebuild the position.