Friday Morning Thoughts

Bitcoin formed an inverted V structure last night, rising to a high of 89468 where it faced resistance, then dropped down to around 84400 before rebounding to around 85300, currently fluctuating. The EMA90 (89300) serves as strong resistance, and the short-term moving averages are in a bearish arrangement, indicating insufficient rebound momentum.

The MACD shows a bottom divergence but with weak volume, the DIF and DEA are flattening at low levels, signaling a correction but not a reversal.

The RSI on the four-hour chart is around 40, indicating a neutral to bearish stance, not yet oversold, limiting rebound potential. Recently, the rebound volume has shrunk, with increased volume during declines, and the bears are dominating the current rhythm. Sister Yun has consistently provided scripts suggesting a bearish rebound, and last night also offered decent space! Indeed, the main focus remains on bearish rebounds!

Bitcoin rebound sell around 85800-86500, looking down towards 81000 near #加密市场观察 $ETH $BTC

Altcoin rebound sell around 2860-2890, looking down towards 2700-2650