BTC price remains firmly above the Bollinger midline at 63521. The overall Bollinger Bands are trending upward, and the medium-term uptrend structure has not been completely broken. This is a high-level pullback after an advance.



KDJ was previously in the overbought zone; the indicator has started to turn, suggesting a need for correction on the 4-hour timeframe.

Previously, after rallying from the 61810 low, it rebounded with a large bullish candle to 65098. At the high level, it hesitated and rallied, then closed bearish. The bulls are showing signs of lacking strength to push higher, entering a phase of digesting profit-taking.

Yan Ze, midday:

BTC: sell in the 64900-65400 range, targeting around 63500

ETH: sell in the 1885-1900 range, targeting around 1850 #PreIPOs第二期OpenAI认购 $BTC $ETH
BTC-1.60%
ETH-3.10%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned