Bitcoin Morning Analysis


Bitcoin's current trend is quite stable, with the price above all moving averages, and the MACD is also showing a bullish crossover upward, indicating that short-term momentum is in control. Although the upward momentum has slightly weakened after a rally, there may be a small pullback, but as long as it does not break below the 620 support level, the overall trend should continue upward. Therefore, in the morning trading, don't rush to chase the high; wait until the price pulls back to around 625 and stabilizes before entering the market for a buy, which is safer. The initial target is around 635, and if it breaks through, look for even higher!
BTC-0.93%
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