Tuesday Thoughts
Yesterday, Bitcoin maintained a narrow range consolidation before encountering a cliff-like drop at the 89800 line, plunging to around 85000 before a weak rebound, with an overall decline of nearly 4800 points. The current price hovers around 86000, undergoing oscillation and repair. Friends who followed the strategy and set short positions yesterday have perfectly grasped this downward space, achieving precise harvesting once again!
From a technical perspective, on the 4-hour level, the price has broken through the lower Bollinger Band, and the Bollinger Bands are overall opening downward. After breaking the band, there has been no strong pullback, still under pressure near the lower band; the MACD indicator's death cross structure continues, and the green momentum bars are still expanding, indicating that bearish forces have not yet exhausted; although the KDJ three lines have entered the oversold zone, no effective golden cross signal has formed, and the rebound strength is expected to be limited in the short term, caution is needed for the market to test downward again.
Bitcoin: Short near 86500-86000, looking down to break 85000 then see 83000 line,
Altcoin: Short near 3030-2980, looking down to 2800-2750$BTC $ETH #加密市场观察
Yesterday, Bitcoin maintained a narrow range consolidation before encountering a cliff-like drop at the 89800 line, plunging to around 85000 before a weak rebound, with an overall decline of nearly 4800 points. The current price hovers around 86000, undergoing oscillation and repair. Friends who followed the strategy and set short positions yesterday have perfectly grasped this downward space, achieving precise harvesting once again!
From a technical perspective, on the 4-hour level, the price has broken through the lower Bollinger Band, and the Bollinger Bands are overall opening downward. After breaking the band, there has been no strong pullback, still under pressure near the lower band; the MACD indicator's death cross structure continues, and the green momentum bars are still expanding, indicating that bearish forces have not yet exhausted; although the KDJ three lines have entered the oversold zone, no effective golden cross signal has formed, and the rebound strength is expected to be limited in the short term, caution is needed for the market to test downward again.
Bitcoin: Short near 86500-86000, looking down to break 85000 then see 83000 line,
Altcoin: Short near 3030-2980, looking down to 2800-2750$BTC $ETH #加密市场观察
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BTC
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