BTC is currently trading in a narrow range around 91114, exhibiting small bearish and bullish candles with short upper and lower shadows. The market is experiencing a tug-of-war between bulls and bears, with cautious sentiment. The price is between the middle and upper bands of the Bollinger Bands, slightly bullish in the short term but facing resistance at the upper band, likely leading to range-bound fluctuations. The KDJ three lines are at a low position, indicating a need for a pullback or fluctuation; the MACD shows that the DIF line is below the DEA line, indicating a weakening of bullish short-term strength. In summary, the short-term market is balanced between bulls and bears, with fluctuations in the trend. The price may run between 91266 and 91792. A breakout above the upper track may occur, while a drop below the middle track poses a significant risk of correction. $BTC #美联储重启降息步伐 #加密市场反弹 Short-term suggestion to rebound to 91832 - 92653 with a light position to short, target 90982 - 90020.
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BTC morning thoughts
BTC is currently trading in a narrow range around 91114, exhibiting small bearish and bullish candles with short upper and lower shadows. The market is experiencing a tug-of-war between bulls and bears, with cautious sentiment. The price is between the middle and upper bands of the Bollinger Bands, slightly bullish in the short term but facing resistance at the upper band, likely leading to range-bound fluctuations.
The KDJ three lines are at a low position, indicating a need for a pullback or fluctuation; the MACD shows that the DIF line is below the DEA line, indicating a weakening of bullish short-term strength.
In summary, the short-term market is balanced between bulls and bears, with fluctuations in the trend. The price may run between 91266 and 91792. A breakout above the upper track may occur, while a drop below the middle track poses a significant risk of correction.
$BTC #美联储重启降息步伐 #加密市场反弹
Short-term suggestion to rebound to 91832 - 92653 with a light position to short, target 90982 - 90020.