Yesterday, Bitcoin's market started showing a fluctuating pullback trend from the morning, and after reaching a downturn in the early hours, it restarted its upward movement. We established a strategy of selling high and buying low yesterday, and everyone gained something. Can this continue today?
The current trend is in a fluctuating pullback phase at the weekly level, and similarly, a fluctuating rebound pattern is running on the daily chart. There has not been a one-sided market, making it quite challenging. Today's news includes 2 billion options set to expire, with a pain point at the 98,000 position, which will exert considerable pressure. The short-term trend is expected to still show a fluctuating pattern today. After the upward movement in the early hours, it is expected that there will be another wave of highs after a short-term pullback. Overall, it is running a triangular rebound pattern on the daily chart, but the reversal point is at the 95,100 position. If this position is broken, the market will continue its downward trend on the daily chart.#Gate.io Has Officially Partnered with Oracle Red Bull Racing #Market Dip: What to Buy? #Weekend Market Analysis
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.
Yesterday, Bitcoin's market started showing a fluctuating pullback trend from the morning, and after reaching a downturn in the early hours, it restarted its upward movement. We established a strategy of selling high and buying low yesterday, and everyone gained something. Can this continue today?
The current trend is in a fluctuating pullback phase at the weekly level, and similarly, a fluctuating rebound pattern is running on the daily chart. There has not been a one-sided market, making it quite challenging. Today's news includes 2 billion options set to expire, with a pain point at the 98,000 position, which will exert considerable pressure. The short-term trend is expected to still show a fluctuating pattern today. After the upward movement in the early hours, it is expected that there will be another wave of highs after a short-term pullback. Overall, it is running a triangular rebound pattern on the daily chart, but the reversal point is at the 95,100 position. If this position is broken, the market will continue its downward trend on the daily chart.#Gate.io Has Officially Partnered with Oracle Red Bull Racing #Market Dip: What to Buy? #Weekend Market Analysis