The previously given 4335 looks at 4380, the direction is correct, but the market's lowest point retraced to 4306, clearly indicating that it first swept a round of liquidity before moving structurally. This type of market essentially first kills stop losses and then rallies; if the levels are not wide enough, it is easy to get washed out.

Currently, the 5-minute structure has rebounded from the lower band and has re-established itself above the middle band of the Bollinger Bands, indicating a short-term bias towards the long side. Meanwhile, the lower band around 4300 has formed a phase support, and the bearish momentum is weakening.

Buy low around 4340-4350, targeting 4380, and if broken, look at 4400. $BTC $XAU

XAUUSDT

Perp

4,481.56

-0.34%