Although the daytime BTC has not been able to break through the middle band resistance of the Bollinger Bands, it has consistently not fallen below the recent upward trend line during the pullback process, with lows gradually rising from around 87000 to 87500, indicating a clear upward rhythm. In terms of technical indicators, the hourly MACD has formed a secondary golden cross above the zero axis, with red energy bars continuously expanding; the RSI (14) is at 58.3, in a neutral to strong zone and has not yet entered the overbought area, indicating that there is still upward space.
In terms of key price levels, pay attention to the support level near 86900, and the resistance level focuses on the 90000 mark. If this resistance level is broken, it will further open up upward space.
In terms of trading strategy, if BTC pulls back to the range of 86500-87000, a long position can be established, with the first target at 88500, and further up to 90000.
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.
Tuesday evening BTC trading strategy
Although the daytime BTC has not been able to break through the middle band resistance of the Bollinger Bands, it has consistently not fallen below the recent upward trend line during the pullback process, with lows gradually rising from around 87000 to 87500, indicating a clear upward rhythm. In terms of technical indicators, the hourly MACD has formed a secondary golden cross above the zero axis, with red energy bars continuously expanding; the RSI (14) is at 58.3, in a neutral to strong zone and has not yet entered the overbought area, indicating that there is still upward space.
In terms of key price levels, pay attention to the support level near 86900, and the resistance level focuses on the 90000 mark. If this resistance level is broken, it will further open up upward space.
In terms of trading strategy, if BTC pulls back to the range of 86500-87000, a long position can be established, with the first target at 88500, and further up to 90000.