Currently, Bitcoin's chart shows the MACD indicator forming a death cross and continuing to diverge downward, indicating short-term bearish dominance. The Bollinger Bands are opening downward in sync, further expanding the downside space. The bulls lack sufficient momentum for a subsequent push higher. It is recommended to focus on rebounds and consolidation during intraday trading.
Bitcoin: Range of 96,000-96,800, with a downside target near 94,000.
For aggressive traders, consider entering in batches with proper defensive positioning. #中文Meme币热潮 $BTC
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Friday Morning Thoughts for 1.16
Currently, Bitcoin's chart shows the MACD indicator forming a death cross and continuing to diverge downward, indicating short-term bearish dominance. The Bollinger Bands are opening downward in sync, further expanding the downside space. The bulls lack sufficient momentum for a subsequent push higher. It is recommended to focus on rebounds and consolidation during intraday trading.
Bitcoin: Range of 96,000-96,800, with a downside target near 94,000.
For aggressive traders, consider entering in batches with proper defensive positioning. #中文Meme币热潮 $BTC