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BTC and ETH have reached the high volatility zone again, and every time it’s a pullback and go long market. Don’t underestimate the income from each swing trading. It feels really good; on-chain trading is the realm of us retail investors. Whenever it rises, we can stand up.
Market analysis for today:
$BTC is currently in a consolidation phase at the top of the 4-hour level. Pay attention to the top of the consolidation area at 118310 and the bottom at 117740 today. A breakout from either the top or bottom will still result in range-bound movements unless there is a strong breakout above the top of the consolidation area, which would lead to further upward movement. The upper resistance levels to watch are around 119410-120120-120975!
If today's top cannot break through, we will look at the bottom of the sideways range for a small level pullback. If the bottom cannot break, it will still rebound upward. If the bottom breaks, pay attention to the support levels below 117740, particularly around 117105-116210-115005.