Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

11.2 Morning BTC Market Analysis


After the consolidation and fluctuations on Saturday, the hourly chart has shifted from a downtrend to a fluctuating rebound, with the possibility of a breakout from early Sunday to Monday.
However, there are many resistances on the upward path. The main resistance zone at the current hourly level is between 110700 and 111200. Only by breaking through and stabilizing within this range can the downward trend be completely reversed, thereby increasing the strength of subsequent rebounds and accelerating the rise.
The short-term support below can focus on the two points of 109300 and 108500. As long as the support can be maintained, and the hourly range gradually compresses before a breakthrough occurs, the probability of the price continuously breaking through multiple dense resistance zones will be higher.
Operational advice suggests 109300-108000.
Target range 111200-112000
BTC1.99%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)