Friday Morning of Week 16: Clear Range-Bound Pattern, Precise Timing for Selling High and Buying Low

Good morning everyone on Friday! Wishing you a successful start to the day and a long-lasting account growth!

Since the market rebounded, it has entered a clear range-bound tug-of-war cycle, with volatility significantly converging. The 97,000 level above has formed a strong resistance barrier, with multiple attempts to break through resulting in declines; the 95,000 support below remains unbreakable, with effective rebounds each time it is tested. Until there are clear signals of a breakout from this range, short-term profit strategies of selling high and buying low will be the core logic.

Reviewing the overnight to early morning movements, Bitcoin twice attempted to reach the 97,100 level but was met with strong bearish resistance, clearly showing a pressure-reversal trend; when falling back to around 95,100, bulls quickly counterattacked, with support strength unquestionable. In the context of unbroken key resistance and support levels, the market is unlikely to see a trending move in the short term, and range-bound oscillation will remain the main theme.

From a technical perspective, the current chart is in a typical range recovery pattern, with bulls and bears temporarily at a stalemate, and no clear directional signals emerging. Based on this, today’s trading approach is clear: do not break the range, focus on selling high and buying low.

Long positions: Support around 95,000, consider building long positions; conservative traders can wait for stabilization signals near 95,000, targeting around 96,800-97,300, and take profits in stages.

Short positions: Rely on resistance at 97,000 to establish short positions; target below 95,000 to 94,000, and lock in profits.

Markets are ever-changing, but range trading requires strict discipline. Only by following the breakout signals can you confidently succeed in volatile markets! $BTC #中文Meme币热潮 $BTC