Long and short meat grinder! $BTC stuck at the 69,000 life-and-death line, will the next step be to step on 70,000 or drop towards 68,000?
Currently, the Bitcoin price is conducting precise games at the key integer point of 69,000 USD. This is not a prediction but a real-time tug-of-war that all traders can see on the candlestick chart.
Based on the objective facts of the real-time chart:
Instant resistance above: 69,500 - 69,800 USD area, a position that has repeatedly suppressed rebounds in the past 24 hours.
Current price center: 69,000 USD, the balance point of long and short psychology and short-term technical trends.
Instant support below: 68,400 - 68,600 USD area, the low point area of the pullback from the day before yesterday, once lost will open up greater downside space.
My pure price action observation framework (non-predictive):
I discard all news and emotions and only focus on the signals given by the price itself:
Observation range: When the price oscillates between 68,600 - 69,500 USD, I regard it as a non-trending noise phase and do not operate.
Long observation signal: It is necessary to see the price continuously stabilize above 69,500 USD for at least 4 hours, and when it pulls back again, it does not fall below 69,200 USD. This will constitute a preliminary sign of a strong short-term structure.
Short/hedging signal: If the price effectively falls below 68,400 USD (for example, a 30-minute closing price below), I will regard it as a break in short-term balance, and the downside space may open up.
#比特币 #BTC #日内交易
Currently, the Bitcoin price is conducting precise games at the key integer point of 69,000 USD. This is not a prediction but a real-time tug-of-war that all traders can see on the candlestick chart.
Based on the objective facts of the real-time chart:
Instant resistance above: 69,500 - 69,800 USD area, a position that has repeatedly suppressed rebounds in the past 24 hours.
Current price center: 69,000 USD, the balance point of long and short psychology and short-term technical trends.
Instant support below: 68,400 - 68,600 USD area, the low point area of the pullback from the day before yesterday, once lost will open up greater downside space.
My pure price action observation framework (non-predictive):
I discard all news and emotions and only focus on the signals given by the price itself:
Observation range: When the price oscillates between 68,600 - 69,500 USD, I regard it as a non-trending noise phase and do not operate.
Long observation signal: It is necessary to see the price continuously stabilize above 69,500 USD for at least 4 hours, and when it pulls back again, it does not fall below 69,200 USD. This will constitute a preliminary sign of a strong short-term structure.
Short/hedging signal: If the price effectively falls below 68,400 USD (for example, a 30-minute closing price below), I will regard it as a break in short-term balance, and the downside space may open up.
#比特币 #BTC #日内交易