Does the midnight waterfall really have a reversal?
1.30 Morning thoughts on BTC
Current price 84353.4 has fallen below the lower Bollinger Band and is in the oversold range. The middle and upper bands are turning downwards simultaneously, indicating a bearish short-term trend. The lower band support has been breached, and it may test the previous low support at 80600.
The primary support to watch below is the previous low of 80600. If this level is lost, it may further open up downward space. The short-term resistance above is the lower Bollinger Band at 84748.6, while the strong resistance is at the middle Bollinger Band at 88022.8.
Bearish thoughts: If the price rebounds to the 84748.6-85000 range and faces pressure, consider lightly shorting, with a stop loss set above 85500, targeting 82000-80600.
Bullish thoughts: Need to wait for the price to stabilize above the lower Bollinger Band and recover the 85000 level, or look for a clear stop-loss signal near 80600 before considering long positions, with a stop loss set below 80000. #BTC走势分析 #BTC☀
1.30 Morning thoughts on BTC
Current price 84353.4 has fallen below the lower Bollinger Band and is in the oversold range. The middle and upper bands are turning downwards simultaneously, indicating a bearish short-term trend. The lower band support has been breached, and it may test the previous low support at 80600.
The primary support to watch below is the previous low of 80600. If this level is lost, it may further open up downward space. The short-term resistance above is the lower Bollinger Band at 84748.6, while the strong resistance is at the middle Bollinger Band at 88022.8.
Bearish thoughts: If the price rebounds to the 84748.6-85000 range and faces pressure, consider lightly shorting, with a stop loss set above 85500, targeting 82000-80600.
Bullish thoughts: Need to wait for the price to stabilize above the lower Bollinger Band and recover the 85000 level, or look for a clear stop-loss signal near 80600 before considering long positions, with a stop loss set below 80000. #BTC走势分析 #BTC☀