Observing from the 4-hour level, Bitcoin's Bollinger Bands continue to press downward, the MACD energy is synchronously declining, trading volume has significantly shrunk, and the KDJ indicator is also gradually weakening. Turning to the 1-hour chart, the Bollinger Bands continue to run downward, the MACD bars show a shrinking trend, and bearish strength is still accumulating. However, there are signs of a rebound in the KDJ curve.
Specific look at the price:
In terms of Bitcoin, there is resistance in the area of 88800-89300, with a short-term target pointing towards the support level in the range of 87700-86700.
On the Ethereum side, a pullback is encountered around 3020-3050, with support to watch at the 2970-2940 range below.
$BTC is currently still in an adjustment phase, and we need to wait for a clearer directional breakout.
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#美联储回购协议计划 Tuesday morning market overview:
Observing from the 4-hour level, Bitcoin's Bollinger Bands continue to press downward, the MACD energy is synchronously declining, trading volume has significantly shrunk, and the KDJ indicator is also gradually weakening. Turning to the 1-hour chart, the Bollinger Bands continue to run downward, the MACD bars show a shrinking trend, and bearish strength is still accumulating. However, there are signs of a rebound in the KDJ curve.
Specific look at the price:
In terms of Bitcoin, there is resistance in the area of 88800-89300, with a short-term target pointing towards the support level in the range of 87700-86700.
On the Ethereum side, a pullback is encountered around 3020-3050, with support to watch at the 2970-2940 range below.
$BTC is currently still in an adjustment phase, and we need to wait for a clearer directional breakout.