Yesterday, after the rebound, Bitcoin formed a long upper shadow candlestick pattern, reaching a key resistance level of 93547 before pulling back, indicating that selling pressure is concentrated in the 93500-94000 range.
Although the four-hour chart shows a continuous upward rebound trend, the price remains constrained by the middle Bollinger Band and the upper boundary of the range (94200), failing to break through effectively. The MACD indicator shows signs of a death cross near the zero line, suggesting a short-term trend leaning towards consolidation and decline.
Core resistance: 93500-94000, primary support: 90000, strong support: 88000-89000 range
Trading directions Bitcoin rebounds to the 93000-93500 range, aiming to look below 91000 and target 89000. Altcoin rebounds to the 3280-3320 range, aiming to look below 3200 and target 3120.
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Friday daytime Bitcoin and Altcoin Strategy
Yesterday, after the rebound, Bitcoin formed a long upper shadow candlestick pattern, reaching a key resistance level of 93547 before pulling back, indicating that selling pressure is concentrated in the 93500-94000 range.
Although the four-hour chart shows a continuous upward rebound trend, the price remains constrained by the middle Bollinger Band and the upper boundary of the range (94200), failing to break through effectively. The MACD indicator shows signs of a death cross near the zero line, suggesting a short-term trend leaning towards consolidation and decline.
Core resistance: 93500-94000, primary support: 90000, strong support: 88000-89000 range
Trading directions
Bitcoin rebounds to the 93000-93500 range, aiming to look below 91000 and target 89000.
Altcoin rebounds to the 3280-3320 range, aiming to look below 3200 and target 3120.