The latest ideas for Bitcoin on Friday
Yesterday, we made a solid move around 89,000 and faced resistance. After reaching this point, we turned to adjust. The overall space is over 4,500 points, which is the largest space we have captured in a single day this week. Today, on Friday, I remind friends to stay defensive! I hope everyone can turn the tide! If you encounter difficulties, feel free to reach out to me!
Currently, the overall market is relatively strong and accumulating momentum. The 4-hour period K-line has been showing continuous upward movement, firmly standing above the key support at the middle track of the Bollinger Bands, with the upward power currently accumulating. If we can maintain this support area, we may see a significant rally. If 88,000 and 90,000 stabilize, we will push towards higher ranges.
The 1-hour K-line is climbing with small upward candles, and the overall upward rhythm is steady; the MACD indicator continues the golden cross pattern, with the momentum bars gradually increasing, and the moving averages are in a bullish arrangement diverging upwards, further releasing positive signals for the short term. We generally maintain a bullish outlook while being cautious of resistance at high levels and ready to adjust!
Key levels for Bitcoin:
Above 88,000, 90,000; Below 87,000, 85,000;
Key levels for altcoin:
Above 3,000, 3,100; Below 2,800, 2,700.
Personal opinion, for entertainment only, not an investment advice!$BTC
