BitcoinUpdated Bitcoin analysis today
From a technical perspective:
Four-hour cycle:
Bitcoin price has formed a "classic top pattern"
In the past few weeks, the cryptocurrency market has been caught in uncertainty due to macroeconomic factors.
Bitcoin prices have plummeted;
These price struggles have raised concerns about the fate of the bull market. Is the bull market over?
Of course, this could also be a bear trap.
This could cause the asset price to briefly break the neckline, but quickly reverse after the short sellers are cleared.
The recent 4-hour K-line shows an increase in trading volume, which has increased compared to the previous few hours, and the price has fallen. The volume has increased: the selling pressure has increased
Some of the current technical indicators are as follows:
According to MACD analysis of the current market trend: no obvious trend, MACD histogram: The histogram continues to be positive and gradually becomes shorter: the bulls are weakening.
KDJ indicator: No KDJ golden cross and dead cross, according to KDJ judgment: neutral KDJ value: 75
Summary: Downward trend
Based on the latest data speculation:
Buy point 1: price 91909.59
Buy point 2: price 93236.0
Buy stop loss point: price 91450.04
Sell point 1: price 95493.77
Sell point 2: price 95531.0
Short-term stop loss point: price 95971.24
Recent support level: price 93236.0
Recent resistance level: price 95531.0
Recent highest point: 95493.77
Recent lowest point: 91909.59
Specific operation suggestions
I will update below the article
If you are also looking forward to my update, you can leave me a message
Four-hour cycle:
Bitcoin price has formed a "classic top pattern"
In the past few weeks, the cryptocurrency market has been caught in uncertainty due to macroeconomic factors.
Bitcoin prices have plummeted;
These price struggles have raised concerns about the fate of the bull market. Is the bull market over?
Of course, this could also be a bear trap.
This could cause the asset price to briefly break the neckline, but quickly reverse after the short sellers are cleared.
The recent 4-hour K-line shows an increase in trading volume, which has increased compared to the previous few hours, and the price has fallen. The volume has increased: the selling pressure has increased
Some of the current technical indicators are as follows:
According to MACD analysis of the current market trend: no obvious trend, MACD histogram: The histogram continues to be positive and gradually becomes shorter: the bulls are weakening.
KDJ indicator: No KDJ golden cross and dead cross, according to KDJ judgment: neutral KDJ value: 75
Summary: Downward trend
Based on the latest data speculation:
Buy point 1: price 91909.59
Buy point 2: price 93236.0
Buy stop loss point: price 91450.04
Sell point 1: price 95493.77
Sell point 2: price 95531.0
Short-term stop loss point: price 95971.24
Recent support level: price 93236.0
Recent resistance level: price 95531.0
Recent highest point: 95493.77
Recent lowest point: 91909.59
Specific operation suggestions
I will update below the article
If you are also looking forward to my update, you can leave me a message
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.