As the weekend approaches, the Bitcoin market enters a wait-and-see state, and investors should closely follow the upcoming weekly close.
Currently, the market is showing a range-bound oscillation pattern. The upper resistance level is mainly concentrated in the range of 10.86 to 11.00 dollars, while the lower support is distributed around 10.48, 10.35, and 10.20 dollars. For investors with a clear trading plan, these key price levels can serve as reference points for entry or exit.
However, for investors who have not yet determined a trading strategy, it is recommended to wait until the market structure becomes clearer before making decisions. Engaging in blind long and short operations within the current low-volatility range may increase unnecessary risks.
It is worth noting that next week will see the monthly closing, which may bring additional market volatility. Therefore, whether investors have already entered positions or are preparing to enter the market, they should set reasonable stop-loss levels to guard against potential sharp price fluctuations.
Overall, it is particularly important to maintain a patient and cautious attitude during this weekend. Closely follow market trends and rationally analyze various indicators to make informed decisions in this uncertain cryptocurrency market.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
As the weekend approaches, the Bitcoin market enters a wait-and-see state, and investors should closely follow the upcoming weekly close.
Currently, the market is showing a range-bound oscillation pattern. The upper resistance level is mainly concentrated in the range of 10.86 to 11.00 dollars, while the lower support is distributed around 10.48, 10.35, and 10.20 dollars. For investors with a clear trading plan, these key price levels can serve as reference points for entry or exit.
However, for investors who have not yet determined a trading strategy, it is recommended to wait until the market structure becomes clearer before making decisions. Engaging in blind long and short operations within the current low-volatility range may increase unnecessary risks.
It is worth noting that next week will see the monthly closing, which may bring additional market volatility. Therefore, whether investors have already entered positions or are preparing to enter the market, they should set reasonable stop-loss levels to guard against potential sharp price fluctuations.
Overall, it is particularly important to maintain a patient and cautious attitude during this weekend. Closely follow market trends and rationally analyze various indicators to make informed decisions in this uncertain cryptocurrency market.