The four-hour timeframe shows the price continuously trading below MA144 and MA169, with medium to long-term moving averages forming clear resistance. The momentum of the candlestick is still being released, and the KDJ indicator's three lines are in the oversold zone. Short-term oversold signs are emerging, but no clear reversal signal has appeared yet. Overall, the short-term is under pressure from moving average resistance. Without volume confirmation for a breakout, it is likely to remain in a low-range consolidation pattern.
Personal suggestion, for reference only (strictly set stop-loss) Bitcoin around 87,800, see for a rebound at 88,800, target 86,000, 84,300$BTC
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12.24 Wednesday Intraday Bitcoin Analysis
The four-hour timeframe shows the price continuously trading below MA144 and MA169, with medium to long-term moving averages forming clear resistance. The momentum of the candlestick is still being released, and the KDJ indicator's three lines are in the oversold zone. Short-term oversold signs are emerging, but no clear reversal signal has appeared yet. Overall, the short-term is under pressure from moving average resistance. Without volume confirmation for a breakout, it is likely to remain in a low-range consolidation pattern.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin around 87,800, see for a rebound at 88,800, target 86,000, 84,300$BTC