BTC's movement on "Black Friday" aligned with expectations, showing a pattern of rise followed by decline. The double top structure formed near $74,000 yesterday and the subsequent pullback were both within the predicted range.
Current price is trading above the middle band of the Bollinger Bands. Key attention should be paid to the effectiveness of middle band support:
- If middle band support holds, a rebound may follow after this pullback;
- If support breaks, price will continue the downtrend.
Trading Strategy: Prioritize bullish opportunities below the middle band support. Long positions can be established in the 70,000–70,300 range, with targets looking toward 71,500. Considering the weaker market liquidity over the weekend, it is recommended to control position size and avoid excessive...
BTC's movement on "Black Friday" aligned with expectations, showing a pattern of rise followed by decline. The double top structure formed near $74,000 yesterday and the subsequent pullback were both within the predicted range.
Current price is trading above the middle band of the Bollinger Bands. Key attention should be paid to the effectiveness of middle band support:
- If middle band support holds, a rebound may follow after this pullback;
- If support breaks, price will continue the downtrend.
Trading Strategy: Prioritize bullish opportunities below the middle band support. Long positions can be established in the 70,000–70,300 range, with targets looking toward 71,500. Considering the weaker market liquidity over the weekend, it is recommended to control position size and avoid excessive...