Saturday Morning Market Analysis
Good morning, brothers! Today is Saturday, we have ended Black Friday and welcomed a day of sideways consolidation. Yesterday, Bitcoin slowly rose from a low point around 79903 to about 82594, with significant fluctuations in the evening, peaking at 85270, and now trading around 843.
📎From a technical structure perspective, on the four-hour level, the running channel maintains a narrow downward trend, with prices continuing to oscillate weakly lower without forming a strong rebound. The volume shows a weak bullish pattern, and the moving averages consistently trend downward, with the smaller time frame still in a bearish dominant state.
📎On the daily level, the running channel continues to trend downward, with prices maintaining a weak consolidation in the mid-upper track area. After a sharp drop, there has been no effective rebound, and the bearish volume continues to shrink. The moving averages have not seen a significant joint upward movement. Personally, I still favor a bearish approach this week, and whether the market can rebound and recover will need to be followed up after support is established.
📎Personal trading suggestion:
Bitcoin can be traded in the range of 84500-84800, targeting around 84000-83700. If it breaks through, continue to look downward!
#美国数字资产储备 #美国2月PPI数据低于预期 #BTC☀