5.6 BTC Evening Analysis


The MA moving average shows a downward trend, and the recent oscillation trend has approached the lower Bollinger Band, remaining at a low level. Both the RSI and KDJ indicators have rebound signals, but the strength of the rebound has not yet been confirmed. Analyzing the hourly and four-hour charts, the overall downward trend has not changed, and the rebound strength should be quite limited. It is recommended to wait for a rebound at low levels to dominate the short positions, with an entry around 944 being relatively suitable, and the lower target can be seen at 935-930.
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BTC-1.79%
MA-4.18%
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