BTC's movement on "Black Friday" aligned with expectations, showing a pattern of initial gains followed by declines. The double top structure formed near $74,000 yesterday and the subsequent pullback were both within the predicted range.
The current price is trading above the middle band of the Bollinger Bands, with a key focus on the validity of middle band support:
- If middle band support holds, a rebound may follow after this pullback;
- If support breaks, price will continue its downtrend.
Trading Strategy: Prioritize upside opportunities below the middle band support. Long positions can be established in the $70,000–$70,300 range, targeting $71,500. Given weakened market liquidity over the weekend, it is recommended to control position size and avoid excessive pursuit...
BTC's movement on "Black Friday" aligned with expectations, showing a pattern of initial gains followed by declines. The double top structure formed near $74,000 yesterday and the subsequent pullback were both within the predicted range.
The current price is trading above the middle band of the Bollinger Bands, with a key focus on the validity of middle band support:
- If middle band support holds, a rebound may follow after this pullback;
- If support breaks, price will continue its downtrend.
Trading Strategy: Prioritize upside opportunities below the middle band support. Long positions can be established in the $70,000–$70,300 range, targeting $71,500. Given weakened market liquidity over the weekend, it is recommended to control position size and avoid excessive pursuit...