Currently, on the four-hour chart, Bitcoin once broke through the middle band with a large bullish candle, but then continued to close with bearish candles, and the bulls and bears are entering a heated battle phase; without new positive news to support, it is likely to continue the weak oscillation pattern. The hourly chart, after a rapid surge, has entered the overbought zone, with KDJ and MACD weakening simultaneously, indicating that the rebound momentum is clearly insufficient.
Trading suggestion: Around 88100-88700, with a downside target of 87000-85500.
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EagleEye
· 19m ago
Really good post, thanks for putting this together.
Bitcoin Analysis:
Currently, on the four-hour chart, Bitcoin once broke through the middle band with a large bullish candle, but then continued to close with bearish candles, and the bulls and bears are entering a heated battle phase; without new positive news to support, it is likely to continue the weak oscillation pattern. The hourly chart, after a rapid surge, has entered the overbought zone, with KDJ and MACD weakening simultaneously, indicating that the rebound momentum is clearly insufficient.
Trading suggestion: Around 88100-88700, with a downside target of 87000-85500.