Bitcoin (BTC)
Based on the latest Bitcoin (BTC) candlestick chart and various technical indicators, the following is a forecast and operational suggestions for Bitcoin's short-term trend today.
Today's operation suggestions
First place: 68770 USDT
Second place: 69200 USDT
Stop loss: 67300 USDT
Prediction direction
As can be seen from the figure, Bitcoin has shown a certain upward trend recently. The candlestick chart shows that the price is hovering near the upper track of the Bollinger Band, and multiple moving averages are diverging upward. The CCI indicator is also above the zero axis, indicating that the market still has upward momentum. Therefore, it is expected that Bitcoin will continue to rise today, with the target upward range between 68,300 USDT and 68,700 USDT.
Moving Average System (MA): The short-term moving averages (MA5, MA10) are diverging upwards and the price is above these moving averages, indicating that the market is biased towards the bulls in the short term.
Bollinger Bands: Prices are running near the upper Bollinger Band, indicating that the market is in a strong state, but attention should be paid to the pressure of the upper band.
CCI indicator (20)：The CCI indicator is in the positive area, and the current value is 23.8, which shows that the market still has upward momentum, but we need to pay attention to whether it will enter the overbought zone.
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