BTC Market Analysis
From the candlestick chart, the big coin has formed a doji engulfing pattern, indicating that a reversal is imminent.
From the MACD perspective, the fast and slow lines are about to form a death cross below the zero axis, so we need to patiently wait for the signal.
From the RSI analysis: the relative strength index fast line has increased from the weakest 7.49 to 32.5, and has crossed with the 10-day relative strength index, proving that the market has passed the most panic moment, and the panic sentiment is gradually being digested.
Summary: Multiple indicators suggest that the market is about to reverse, and the panic sentiment among retail investors is also gradually being digested. We are waiting for the bullish signal to enter the market.
Positioning: 91000-91500, take profit at 97000.
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