Bitcoin is consolidating with narrow fluctuations above a key technical level, accompanied by a moderate increase in trading volume and open interest, reflecting active switching between bulls and bears and solid capital accumulation. Intraday technical selling pressure at the minute level is being orderly absorbed by incremental funds, with no destructive selling on the market. The overall upward momentum remains cohesive, and a breakout has a clear statistical advantage for subsequent development. The trading strategy adheres to the principle of risk-reward asymmetry, focusing on the trend inertia space after pattern confirmation.
It is recommended to go long around 88000 and 87500, with the first target at 90500, and a breakout to 92500.
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Bitcoin is consolidating with narrow fluctuations above a key technical level, accompanied by a moderate increase in trading volume and open interest, reflecting active switching between bulls and bears and solid capital accumulation. Intraday technical selling pressure at the minute level is being orderly absorbed by incremental funds, with no destructive selling on the market. The overall upward momentum remains cohesive, and a breakout has a clear statistical advantage for subsequent development. The trading strategy adheres to the principle of risk-reward asymmetry, focusing on the trend inertia space after pattern confirmation.
It is recommended to go long around 88000 and 87500, with the first target at 90500, and a breakout to 92500.