After a sharp decline on the 1-hour chart, it stopped at 86,760, forming a clear lower shadow. The bearish momentum is weakening, and the price is trading above the BOLL lower band. The downward move did not effectively break below, indicating a pullback confirmation. Currently, the market is consolidating with reduced volume, a typical correction structure after a decline. The MACD bearish histogram continues to shorten, indicating diminishing momentum and a potential rebound. Trading volume has significantly decreased, and selling pressure is nearing exhaustion. No new volume breakout to new lows has appeared, and the lows have defensive value.
Bitcoin around 87,000 long Target: 87,500, 88,000, 88,800 Stop loss: 86,500
Auntie around 2925 long Target: 2950, 2980, 3010 Stop loss: 2900
This is a technical rebound after a sharp decline. Do not chase highs or hold heavy positions. Use the structural low point as a defense to seek intraday rebound space.
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$BTC $ETH Bitcoin Auntie's Daytime Strategy;
After a sharp decline on the 1-hour chart, it stopped at 86,760, forming a clear lower shadow. The bearish momentum is weakening, and the price is trading above the BOLL lower band. The downward move did not effectively break below, indicating a pullback confirmation. Currently, the market is consolidating with reduced volume, a typical correction structure after a decline. The MACD bearish histogram continues to shorten, indicating diminishing momentum and a potential rebound. Trading volume has significantly decreased, and selling pressure is nearing exhaustion. No new volume breakout to new lows has appeared, and the lows have defensive value.
Bitcoin around 87,000 long
Target: 87,500, 88,000, 88,800
Stop loss: 86,500
Auntie around 2925 long
Target: 2950, 2980, 3010
Stop loss: 2900
This is a technical rebound after a sharp decline. Do not chase highs or hold heavy positions. Use the structural low point as a defense to seek intraday rebound space.