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.
BTC-0.33%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)