#Strategy加仓BTC 4-hour candlestick chart shows that the previous high of 96800 still presents a clear resistance, and the price has fallen back to around 95100. Currently, it is oscillating within a high-level range.
Although the daily MACD indicator is still in a bullish range, the red histogram is continuously shrinking, indicating that the bullish momentum is gradually weakening. On the 4-hour timeframe, the DIF and DEA lines are getting closer, and a death cross seems to be forming. The short-term correction is gradually gaining strength.
For Bitcoin, this rebound can be shorted in the range of 95500-96200, with targets below at 94000-93000. For Ethereum, focus on the resistance around 3350-3330; similarly, look for short opportunities with targets at the key support levels of 3200-3100. $BTC $ETH
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#Strategy加仓BTC 4-hour candlestick chart shows that the previous high of 96800 still presents a clear resistance, and the price has fallen back to around 95100. Currently, it is oscillating within a high-level range.
Although the daily MACD indicator is still in a bullish range, the red histogram is continuously shrinking, indicating that the bullish momentum is gradually weakening. On the 4-hour timeframe, the DIF and DEA lines are getting closer, and a death cross seems to be forming. The short-term correction is gradually gaining strength.
For Bitcoin, this rebound can be shorted in the range of 95500-96200, with targets below at 94000-93000. For Ethereum, focus on the resistance around 3350-3330; similarly, look for short opportunities with targets at the key support levels of 3200-3100. $BTC $ETH