Over the weekend, the #Bitcoin volatility has contracted. Although the 1-hour range has temporarily changed to a downward trend, the 4-hour still faces downward pressure.
The volatility range has narrowed, with support at 108,200 and resistance still at 109,500. If all goes well, we can continue to reference around 110,200.
However, if the price effectively breaks below 108,200 on the 1-hour level in the short term, the strategy for a rebound on Sunday will become invalid.
Of course, we also need to consider the issue of lower liquidity over the weekend.
#Bitcoin is showing a good trend, and the stop-loss signal on the 4-hour level is becoming clearer. There is a greater possibility of a rebound over the weekend!
The fluctuation range is narrowing, with the bottom reference at 107,370 and the top reference around 110,100, while 108,600 serves as a key resistance.
If the price breaks through the current resistance, we can expect a further upward rebound. If the price falls below the bottom reference, a new downward trend will begin.
Although there is a relatively clear stop-loss signal on the 4-hour chart, we still need to pay attention to the 1-hour level, which is in a rapidly contracting range. There may be a need for a breakout during early Saturday and throughout Sunday, so watch to see if the breakout changes the current stop-loss rebound trend!
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