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
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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