Bitcoin is currently consolidating at a high after the rebound, with daily moving averages in a bullish alignment. The MA20 and the middle band of the Bollinger Bands form strong support, and the medium-term upward trend remains intact; on the 4-hour chart, the MACD red bars are shortening, indicating diminishing bullish momentum. KDJ and RSI are overbought, suggesting a short-term pullback is needed, but there are no clear signs of weakening.
Resistance above Bitcoin is at 94500, support at 89000.
Trading Strategy Bitcoin ranges between 93200-94000, with a target of 91000 and a support at 89000. Altcoin ranges between 3370-3400, with a target of 3300 and support at 3250.
Tonight's Federal Reserve interest rate decision is the key variable. If Bitcoin breaks through the 94500 resistance level, adjust your position and stop-loss promptly, and consider entering at the high point.
Personal advice is for reference only and does not constitute investment or financial recommendations.
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Wednesday Night Bitcoin and Altcoin Strategy
Bitcoin is currently consolidating at a high after the rebound, with daily moving averages in a bullish alignment. The MA20 and the middle band of the Bollinger Bands form strong support, and the medium-term upward trend remains intact; on the 4-hour chart, the MACD red bars are shortening, indicating diminishing bullish momentum.
KDJ and RSI are overbought, suggesting a short-term pullback is needed, but there are no clear signs of weakening.
Resistance above Bitcoin is at 94500, support at 89000.
Trading Strategy
Bitcoin ranges between 93200-94000, with a target of 91000 and a support at 89000.
Altcoin ranges between 3370-3400, with a target of 3300 and support at 3250.
Tonight's Federal Reserve interest rate decision is the key variable. If Bitcoin breaks through the 94500 resistance level, adjust your position and stop-loss promptly, and consider entering at the high point.
Personal advice is for reference only and does not constitute investment or financial recommendations.