Although the four-hour timeframe shows a rebound from the low of 59,800, it remains under pressure below the MA144 and MA169 moving averages. There is strong resistance around 82,000 above, making a short-term breakout very difficult. After the MACD bullish crossover, the red histogram gradually shortens, indicating waning momentum. The KDJ indicator is turning downward, increasing the pressure for correction. Recently, market sentiment has been boosted by ETF positive news, but uncertainty in Federal Reserve policies continues to suppress risk assets. Coupled with rising global risk aversion, in the short term, support at the 69,000 level is fragile. If it falls below 68,000, the decline will accelerate.
Personal advice, for reference only (strictly set defensive positions): Bitcoin around 69,800, buy on dips at 70,800, target 68,000, 66,300 Altcoin around 2,065, buy on dips at 2,135, target 1,980, 1,880
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2.10 Tuesday Night Analysis
Although the four-hour timeframe shows a rebound from the low of 59,800, it remains under pressure below the MA144 and MA169 moving averages. There is strong resistance around 82,000 above, making a short-term breakout very difficult. After the MACD bullish crossover, the red histogram gradually shortens, indicating waning momentum. The KDJ indicator is turning downward, increasing the pressure for correction. Recently, market sentiment has been boosted by ETF positive news, but uncertainty in Federal Reserve policies continues to suppress risk assets. Coupled with rising global risk aversion, in the short term, support at the 69,000 level is fragile. If it falls below 68,000, the decline will accelerate.
Personal advice, for reference only (strictly set defensive positions):
Bitcoin around 69,800, buy on dips at 70,800, target 68,000, 66,300
Altcoin around 2,065, buy on dips at 2,135, target 1,980, 1,880