The four-hour MA144 and MA169 moving averages continue to form strong resistance above the price, indicating that the bullish trend has not changed. The MACD indicator remains in a death cross state, with the green bars narrowing but still in the negative zone. The J line of the KDJ indicator has touched the overbought area and turned downward, signaling a potential pullback. Combined with the previous continuous downward trend from the 96,000 level, this rebound appears more like a trap. There is a higher probability that the price will test the 80,000 integer level again.
Personal advice, for reference only (strictly set stop-loss) Bitcoin around 84,300, see a rebound at 85,300, target 82,000, 80,000, and a break below to watch 78,000$BTC
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1.31 Weekend Bitcoin Analysis
The four-hour MA144 and MA169 moving averages continue to form strong resistance above the price, indicating that the bullish trend has not changed. The MACD indicator remains in a death cross state, with the green bars narrowing but still in the negative zone. The J line of the KDJ indicator has touched the overbought area and turned downward, signaling a potential pullback. Combined with the previous continuous downward trend from the 96,000 level, this rebound appears more like a trap. There is a higher probability that the price will test the 80,000 integer level again.
Personal advice, for reference only (strictly set stop-loss)
Bitcoin around 84,300, see a rebound at 85,300, target 82,000, 80,000, and a break below to watch 78,000$BTC