Technical Analysis
Daily chart
Moving average analysis:
MA5 and MA10: The current price of Bitcoin is between the MA5 and MA10 daily moving averages, which indicates that the market is in an ultra-short-term oscillation range. This box oscillation structure usually limits the price fluctuation range and forms a certain support and resistance area.
Price Action:
The current price is fluctuating between MA5 and MA10 and may continue to maintain this state in the short term. If the price breaks out of this range, it may trigger a more obvious trend change.
12-hour chart
KDJ：
At present, the KDJ indicator maintains a golden cross structure, but the upward momentum and amplitude have slowed down. This may indicate that the current upward momentum is weakening, but a clear downward trend has not yet formed.
MACD：
The MACD indicator also shows a golden cross structure, indicating that there is still a certain buying power in the market. However, as the rise slows down, it may be necessary to pay attention to whether there will be signs of a turning point.
BOLL BELT:
The price of the currency continues to compete fiercely near the middle track of the BOLL band. The middle track of the BOLL band usually serves as an important support or resistance level. Repeated testing of the price of the currency may lead to intensified market volatility.
Overall Trend
Main image MA10:
MA10 continues to strengthen near the current low, which may provide support for prices, suggesting that the market may continue to maintain the probability of a rebound.
Operation suggestions:
In the short term, if the price retreats to the 59800-59300 range, you can consider going long in batches with a target around 61300. This is based on the rebound expectations of current technical indicators and market behavior.
Short-term operation
Long strategy:
Entry range: 59800-59300
Target: 61300
Stop loss: The stop loss level can be set according to the actual market situation. It is recommended to set it below MA10 to prevent the risk of further price decline.
Summarize
Under the current technical background, Bitcoin has a certain chance of rebounding, but we also need to pay attention to the market's volatile characteristics. Enter the market at the right time and set a reasonable stop loss. You can go long in batches when the market retreats, and pay attention to the achievement of the target position. #PlusToken相关钱包转移ETH #加密市场反弹 #TON #RARE #ADX $SUI $ELF $KP3R
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