$BTC


From a four-hour perspective, the Bollinger Bands continue to open upward, and the overall market maintains an upward channel pattern. After the market surged to 794 points earlier, it experienced a phase of pullback and correction; currently, Bitcoin's price is trading within the upper middle band of the Bollinger Bands. The bullish momentum on the smaller timeframes is gradually weakening, and the upward momentum is somewhat exhausted.
Regarding the indicator chart, the MACD double lines are oscillating and consolidating at high levels, about to form a death cross; the three lines of the KDJ are diverging downward simultaneously, indicating that the short-term bearish momentum is continuing to be released, and the market shows a further trend of decline and weakening.
Trading suggestion: look short around the 79,000 region, with a target down to the 76,000 region, and set stop-loss according to individual positions.
#加密市场行情震荡
BTC-0.58%
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