At the four-hour level, the MA144 and MA169 moving averages provide temporary support, but the short-term rebound momentum has already been exhausted. The MACD has formed a death cross with the green bars continuing to expand, indicating selling pressure is still releasing. The KDJ indicator's three lines have sharply turned downward, confirming a short-term correction trend.
Personal suggestion, for reference only (strictly set stop-loss) Bitcoin around 93,800, buy on dip at 94,700, target 92,000, 90,800$BTC
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1.7 Wednesday Bitcoin Analysis
At the four-hour level, the MA144 and MA169 moving averages provide temporary support, but the short-term rebound momentum has already been exhausted. The MACD has formed a death cross with the green bars continuing to expand, indicating selling pressure is still releasing. The KDJ indicator's three lines have sharply turned downward, confirming a short-term correction trend.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin around 93,800, buy on dip at 94,700, target 92,000, 90,800$BTC