12.30 Tuesday Intraday Bitcoin Analysis



Four-hour timeframe, price not only broke below the support of MA144 and MA169 moving averages, but also surged to 90373 before quickly falling back. The low was tested at 86760, and the rebound was extremely weak. The MACD indicator's DIF and DEA continued to decline, and the momentum further dissipated. Despite entering the oversold zone, there are no signs of a reversal. The overall trend is clearly weak.

Personal suggestion, for reference only (strictly set stop-loss)
Around 88000 for Bitcoin, look for a rebound at 89000, with a target of 86000, 84300$BTC
BTC0,22%
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