Analysis: BTC On-Chain Structure Returns to $117k Support Range, First Rebound Target is $125k
BlockBeats News, August 11th. On-chain data analyst Murphy posted that BTC has returned to $120,000. Although it cannot be considered a successful hold for now, it can be confirmed that on the chip structure side, BTC has once again returned to the price range supported by $117,000, turning the turnover zone of $112,000 to $116,000 into a "safe zone," which is almost consistent with the price trajectory deduced based on the "double-anchor structure."
Looking at the "MVRV Extreme Deviation Pricing Range," BTC is currently still running between the channel formed by the orange and yellow lines. It may find support at the lower rail and face resistance at the upper rail. The current upper rail position of the running channel is $125,000, which is also the first target of the rebound within the channel. If it successfully breaks through and does not fall below on a pullback, it will most likely move up another range to the second target of $137,000. If it encounters resistance, it may retest the key support of $117,000. This analysis is for learning and communication purposes only and is not investment advice.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Trump Suggests Hassett Will Take Over as Fed Chair, Once Again Criticizes Powell for Not Cutting Rates
Coinbase Listing Roadmap Adds 5 New Coins: JUP, PLUME, WET, and More
The crypto market has experienced a rebound with a widespread surge. SUI and PENGU are up over 20%.
Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]