Tuesday Night Bitcoin and Altcoin Strategy


Bitcoin is currently oscillating around 91,000. There is selling pressure above 91,700-92,400, with dual support from MA20 (90,800) and EMA120 (90,200).
RSI (48) is neutral, and MACD is near the zero line. The bulls and bears are temporarily balanced. The bulls need to break through the resistance zone of 93,500-94,000 to open up upward space, while the bears need to break below the strong support at 89,500 to confirm a continuation of the correction.
The MA/EMA system is located around the upper middle Bollinger Band. The daily MACD has not yet experienced a golden cross, and the short-term correction is a technical adjustment.

Trading Strategy

Bitcoin is range-bound between 90,000-90,500, with a target of 91,800 and an upward outlook toward 93,000.
Altcoin is range-bound between 3,050-3,080, with a target of 3,150 and an upward outlook toward 3,200.
BTC0.6%
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