During the early session, BTC surged to the 94,100 resistance area before encountering selling pressure. The price then retraced to the 92,600 support zone, where it stabilized. This was followed by a modest recovery, and the market is currently consolidating in a high-level compression range with a slight downward bias.
From a technical perspective, the BTC daily chart shows two consecutive bullish candles breaking above the mid-Bollinger band, after which the price has entered a slower consolidation phase. The current small doji indicates that upside momentum has moderated; however, the broader trend still remains within an upward channel.
Short-term pullbacks continue to serve as a re-accumulation phase ahead of the next potential directional move. On the 1-hour timeframe, BTC displays a classic V-shaped reversal structure. Combined with alternating buy-sell pressure on lower timeframes — along with bulls swiftly reclaiming lost ground — this suggests strong buying interest at lower levels. Therefore, the trading bias仍 remains tilted to the long side.
Trading Strategy:
Consider long positions within 92,700–92,300
Upside target: around 94,500
From a technical perspective, the BTC daily chart shows two consecutive bullish candles breaking above the mid-Bollinger band, after which the price has entered a slower consolidation phase. The current small doji indicates that upside momentum has moderated; however, the broader trend still remains within an upward channel.
Short-term pullbacks continue to serve as a re-accumulation phase ahead of the next potential directional move. On the 1-hour timeframe, BTC displays a classic V-shaped reversal structure. Combined with alternating buy-sell pressure on lower timeframes — along with bulls swiftly reclaiming lost ground — this suggests strong buying interest at lower levels. Therefore, the trading bias仍 remains tilted to the long side.
Trading Strategy:
Consider long positions within 92,700–92,300
Upside target: around 94,500
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
👉t.me/Ronnie_Signal_sharing
👉t.me/Ronnie_Signal_sharing
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.
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
👉t.me/Ronnie_Signal_sharing
👉t.me/Ronnie_Signal_sharing
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.