From a technical analysis perspective, BTC bulls have a clear advantage in the short term. On the daily chart, BTC prices are firmly above the middle band of the Bollinger Bands, and the MACD indicator shows a golden cross, providing momentum for an upward movement. In the 4-hour chart, the moving average system has formed a golden cross, the Bollinger Bands are opening upwards, and prices are running along the upper band. Combined with the MACD golden cross continuing to expand, it indicates a strong short-term trend.
In summary, despite adverse factors such as a cooling off of risk aversion, the expectations of interest rate cuts and technical bullish signals both point towards an upward direction. The trading suggestion for the day is to focus primarily on buying low.
BTC suggestion: On the pullback to 86500-87000, continue to buy long, with a target of 88000-90000.
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11.25 BTC operation analysis
From a technical analysis perspective, BTC bulls have a clear advantage in the short term. On the daily chart, BTC prices are firmly above the middle band of the Bollinger Bands, and the MACD indicator shows a golden cross, providing momentum for an upward movement. In the 4-hour chart, the moving average system has formed a golden cross, the Bollinger Bands are opening upwards, and prices are running along the upper band. Combined with the MACD golden cross continuing to expand, it indicates a strong short-term trend.
In summary, despite adverse factors such as a cooling off of risk aversion, the expectations of interest rate cuts and technical bullish signals both point towards an upward direction. The trading suggestion for the day is to focus primarily on buying low.
BTC suggestion: On the pullback to 86500-87000, continue to buy long, with a target of 88000-90000.