Good morning everyone, today's BTC market analysis is as follows:
Bitcoin daily line analysis:
Bitcoin has not shown obvious signs of stopping the decline on the daily line. If it can break through strongly and stand firm at the $58,000 mark in the future, a stop-loss reversal signal may appear.
Short-term four-hour chart analysis:
The current price is running in the Bollinger descending channel, and the overall trend remains in the oscillation range between $58,200 and $55,200. If it can break through the $56,800 line, pay attention to the pressure area near $58,300 above.
One-hour chart analysis:
The Bollinger Bands are closing, and the lower support level is recommended to pay attention to the $56,300 line, while the high pressure level is concentrated around $57,700. Based on the above analysis, it is recommended to short at $57,600 to $58,200, set up a 600-point defense, and the target range is 600 to 1,000 points.
These are analysis suggestions based on the current technical aspects. Please be sure to carefully assess the risks before investing and make corresponding adjustments based on real-time market changes.
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