BTC


Bollinger Bands: From the four-hour chart, the price is experiencing a downward correction after rising to the upper band. The correction is slow, and the Bollinger Band width is expanding. The short-term moving average has a golden cross and is trending upward. The current short-term resistance level is 90600. If the market continues to decline without effectively breaking below the middle band, there is a possibility of a second upward push.
On the one-hour chart, the price shows a oscillating downward pattern. Currently, observe the 10-day moving average as a short-term support level to see if it can be effectively broken. From the hourly chart, if the decline does not effectively break below the 10-day moving average, the market will rise again.
MACD: On the one-hour chart, MACD is parallel above the zero axis, with the fast line above the slow line, indicating increasing bullish momentum. On the four-hour chart, MACD shows a golden cross upward, with bullish momentum continuing to strengthen.
RSI is in the overbought zone, with a value between 90-78.
Conclusion: Slightly oscillating downward.
Resistance levels: 90600-92000-93900
Support levels: 87800-86000-85200
High-altitude strategy: Enter a long position at 90600, add to the position at 92000, and set stop-loss above 93900.
Low-altitude strategy: Enter a long position at 87800, add to the position at 86000, and set stop-loss below 85200.
BTC-2,44%
View Original
post-image
post-image
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.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Miss2021vip
· 24m ago
Merry Christmas ⛄
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)