Bitcoin has seen a particularly strong rally recently, even breaking through the $110,000 mark, but has pulled back slightly in recent days. Given the current situation, the correction after the previous rapid rise is normal. However, from a long-term perspective, there are still many bullish factors. For example, with economic instability in many parts of the world, countries have been printing large amounts of money to stimulate their economies. As the supply of money grows, assets with a fixed quantity like Bitcoin become more valuable, leading to increased buying demand and upward price momentum. Additionally, more and more powerful institutional investors are taking an interest in Bitcoin. Financial giants like BlackRock are investing large sums of capital, and the influx of substantial funds can also drive Bitcoin's price higher.
From a technical perspective, although the price has declined slightly in recent days, it remains above the 20-day moving average (approximately $102,500) on the daily chart, indicating that the medium-term upward trend has not been disrupted. Another indicator, the RSI, is currently around 50—a neutral level—with an upward movement signaling renewed bullish momentum. Furthermore, the Bollinger Bands have begun to narrow, with the upper band at $106,000 and the lower band at $102,000. The price fluctuating within this range suggests that a significant breakout may be imminent.
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@103000~104000
SL:101000
TP:105000~107000
From a technical perspective, although the price has declined slightly in recent days, it remains above the 20-day moving average (approximately $102,500) on the daily chart, indicating that the medium-term upward trend has not been disrupted. Another indicator, the RSI, is currently around 50—a neutral level—with an upward movement signaling renewed bullish momentum. Furthermore, the Bollinger Bands have begun to narrow, with the upper band at $106,000 and the lower band at $102,000. The price fluctuating within this range suggests that a significant breakout may be imminent.
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@103000~104000
SL:101000
TP:105000~107000
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.