#美联储回购协议计划 BTC recently fluctuated within the range of 86655-86842 twice before bouncing back quickly. Looking at the 4-hour K-line, a nice long lower shadow hammer pattern has formed. What does this indicate? The buying support at the 87000 level is quite solid.



Although the daily chart closed below 87500 for consecutive days, it did not effectively break below the previous low of 86420. What does this mean? A potential double bottom pattern is faintly emerging, leaving considerable safety margin for the bulls.

Looking at the indicators: After the 4-hour MACD converged below the zero line, signs of a golden cross have appeared. The histogram turning red again indicates that the bearish momentum is clearly weakening. The short-term technical outlook is straightforward, and the signal to stop the decline is very clear.

**How to operate?**

Bitcoin: Participate within the 87000-87500 range, targeting 88500
Ethereum: Layout within the 2900-2920 range, watch for 2980 above

$BTC $ETH $STORJ
BTC0,38%
ETH0,42%
STORJ35,01%
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MintMastervip
· 9h ago
The double bottom pattern is back again. Every time I hear about it, I believe it once, but then it gets crushed down again. It's really getting on my nerves.
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AirdropHunter007vip
· 9h ago
Is this level at 87,000 really that tough? It feels like it's always being knocked down every time.
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SighingCashiervip
· 9h ago
The buy orders at 87,000 are indeed solid, but I’m just not sure if they can withstand the subsequent sell-offs. It feels a bit shaky.
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ProtocolRebelvip
· 9h ago
The 87,000 level is really holding firm, and it seems like the bulls still have some strength. The double bottom + hammer candlestick pattern indeed looks like a move upward is coming. However, we still need to watch the Fed's news, as they might cause some surprises again.
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