BTC's recent performance is quite interesting. The 15-minute RSI is still decent, around 66, but the 1-hour RSI is approaching 70, flashing overbought signals. The 4-hour trend remains neutral, with no clear direction. What’s more concerning is the trading volume — it has shrunk by 78%, indicating a clear lack of upward momentum.
Looking at key levels: currently stuck at the psychological barrier of 0.23. Above are 0.235 and 0.245, while below are support levels at 0.225 and 0.215.
How to operate? It’s actually quite simple. If the price breaks above 0.235, go long with a target of 0.245 and set a stop-loss at 0.228. Conversely, if it falls below 0.225, switch to a short position, watching the 0.215 level, with a stop-loss at 0.232. But if the price oscillates between 0.225 and 0.235, my advice is to wait and see, don’t rush to jump in.
My current decision is **wait and see**. With such weak volume, rushing into a position is too risky. Instead of preemptively positioning, it’s better to wait for a clear breakout signal and then act immediately once confirmed.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC's recent performance is quite interesting. The 15-minute RSI is still decent, around 66, but the 1-hour RSI is approaching 70, flashing overbought signals. The 4-hour trend remains neutral, with no clear direction. What’s more concerning is the trading volume — it has shrunk by 78%, indicating a clear lack of upward momentum.
Looking at key levels: currently stuck at the psychological barrier of 0.23. Above are 0.235 and 0.245, while below are support levels at 0.225 and 0.215.
How to operate? It’s actually quite simple. If the price breaks above 0.235, go long with a target of 0.245 and set a stop-loss at 0.228. Conversely, if it falls below 0.225, switch to a short position, watching the 0.215 level, with a stop-loss at 0.232. But if the price oscillates between 0.225 and 0.235, my advice is to wait and see, don’t rush to jump in.
My current decision is **wait and see**. With such weak volume, rushing into a position is too risky. Instead of preemptively positioning, it’s better to wait for a clear breakout signal and then act immediately once confirmed.