BTC

Bitcoin

Yesterday, both long and short positions in Bitcoin experienced a back-and-forth wash, breaking the support line at 90,000, and the subsequent rebound also recouped the previous decline, with an intraday fluctuation of nearly 6,000 points. The upward trend continued in the early hours of the day, breaking above resistance, and the current price has once again returned to the 95,000 line, with price fluctuations gradually calming down.

Looking at the short-term hourly chart, the trend is operating in the mid-upper track area, with short-term rebound momentum weakening. After a significant decline earlier, it is currently in a rebound phase, but there is heavy resistance above. The MACD fast and slow lines are gradually converging, and the green bars are shortening, indicating a weakening of bearish strength; the daily level remains negative, with an overall bearish trend. The current price is above the EMA7, indicating some short-term support; however, both EMA30 and EMA120 are above the line, and the long-term trend is still under pressure. Key focus for the day is on the daily Bollinger middle axis breakout, and it is recommended to operate with high shorts and low longs,

#加密市场回调