Bitcoin has recently been fluctuating within a range, but the signs of long positions building up on the 4-hour Candlestick Chart have become increasingly evident. Although the previous attempts to surge have been suppressed, each pullback's low point is rising, indicating that the support below is very solid, and the willingness of market participants to go long is accumulating.
From the overall rhythm, long positions have the upper hand. The current stage of fluctuation is essentially a buildup, belonging to the consolidation phase of the upward process. This kind of trend often indicates that there will be another upward movement relying on the support level.
From an operational perspective, the current strategy should primarily focus on going long on pullbacks. Specifically, Bitcoin can be considered for positioning within the range of 86800-87300, with the target pointing towards the area of 88000-88500. Once support is validated again, the probability of an upward movement will be relatively high.
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.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
4am_degen
· 10h ago
Waiting for 87000 to buy the dip, otherwise this wave of accumulation will be in vain.
View OriginalReply0
StableCoinKaren
· 10h ago
The lows are rising, this wave is indeed interesting; it all depends on whether we can hold 86800.
View OriginalReply0
ImpermanentPhilosopher
· 10h ago
Every time it says to charge up, can it rise this time or will it continue to trick me into entering?
View OriginalReply0
CodeZeroBasis
· 10h ago
Wait, is it charging again? Every time it says charging, in the end, it still gets dumped.
View OriginalReply0
DYORMaster
· 10h ago
The signal of raising the low point is still quite obvious, it just depends on whether it can really break 88.
View OriginalReply0
SelfCustodyIssues
· 10h ago
I have been lying in ambush at the position of 86800, just waiting for it to Rebound.
View OriginalReply0
DisillusiionOracle
· 10h ago
The low points keep being raised, I've heard this trap so many times, and in the end it gets dumped again. I don't understand who is accumulating.
Bitcoin has recently been fluctuating within a range, but the signs of long positions building up on the 4-hour Candlestick Chart have become increasingly evident. Although the previous attempts to surge have been suppressed, each pullback's low point is rising, indicating that the support below is very solid, and the willingness of market participants to go long is accumulating.
From the overall rhythm, long positions have the upper hand. The current stage of fluctuation is essentially a buildup, belonging to the consolidation phase of the upward process. This kind of trend often indicates that there will be another upward movement relying on the support level.
From an operational perspective, the current strategy should primarily focus on going long on pullbacks. Specifically, Bitcoin can be considered for positioning within the range of 86800-87300, with the target pointing towards the area of 88000-88500. Once support is validated again, the probability of an upward movement will be relatively high.