Tuesday Bitcoin Outlook

From the current market perspective, the market is in a phase of repair and consolidation, and it is expected to mainly experience wide fluctuations in the short term. From a technical standpoint, the daily chart has closed with a bearish candle again, the Bollinger Bands are trending downwards, and the price is operating between the middle and lower bands. The KDJ lines have crossed downward and are diverging, the MACD lines are also trending downward, and the volume indicator has decreased, indicating weak rebound strength on the daily chart!

Looking at the four-hour chart, the Bollinger Bands are narrowing, and the price is operating above the lower band. After a morning surge, it has retraced. The KDJ lines are forming a golden cross upwards from a low position, and the MACD is also turning upwards from a low point, with volume significantly reduced, indicating a short-term rebound on the four-hour chart!

Bitcoin price range 94000-94500, target 96100

Rebound target 96500-96000, watch 94000#BTC走势分析