The four-hour price level has sharply retreated from the previous high point. Although it received brief support around 59,800, it is still operating below the long-term moving averages MA144 and MA169, indicating that the medium-term downtrend remains unchanged. The MACD indicator's DIF and DEA lines have formed a death cross below the zero axis. While the green bars have shortened, the bearish dominance pattern remains. The low-level golden cross of the KDJ indicator is only a technical rebound, and its sustainability is questionable. Resistance in the 70,000-72,000 range is significant. If the support at 65,000 is broken, further decline may occur.
Personal advice, for reference only (strictly set stop-loss) Bitcoin around 67,900, see a rebound at 68,800, target 66,500, 65,000 Altcoin around 1,995, see a rebound at 2,060, target 1,930, 1,800$BTC $ETH
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Thursday, 2.12 Intraday Analysis
The four-hour price level has sharply retreated from the previous high point. Although it received brief support around 59,800, it is still operating below the long-term moving averages MA144 and MA169, indicating that the medium-term downtrend remains unchanged. The MACD indicator's DIF and DEA lines have formed a death cross below the zero axis. While the green bars have shortened, the bearish dominance pattern remains. The low-level golden cross of the KDJ indicator is only a technical rebound, and its sustainability is questionable. Resistance in the 70,000-72,000 range is significant. If the support at 65,000 is broken, further decline may occur.
Personal advice, for reference only (strictly set stop-loss)
Bitcoin around 67,900, see a rebound at 68,800, target 66,500, 65,000
Altcoin around 1,995, see a rebound at 2,060, target 1,930, 1,800$BTC $ETH