Yesterday, Bitcoin staged a thrilling "roller coaster" market. During the morning session, the bulls made a strong push, quickly driving the price up to 104395, but heavy selling pressure above caused it to retreat; in the afternoon, it hit a low of 📉103070 and later, the price reached up to 104500 again, only to fall back into a range.
From a technical analysis perspective, the four-hour level trend is crucial. After the price surge, it faced clear resistance, and the momentum is weakening, making it difficult to push further upward. The RSI indicator has shown a clear downward turn of the three lines, indicating that the short-term overbought condition has been corrected, and there is a possibility of a trend reversal.
Recommendation:
Short-term range: Bitcoin around 104500-105000
Target 130000-120000, if broken, we patiently look for 980000.
Altcoin: around 2450-2500
Target 2300-2250, if broken, look for 1950#币安AlphaSUI生态交易竞赛 .
From a technical analysis perspective, the four-hour level trend is crucial. After the price surge, it faced clear resistance, and the momentum is weakening, making it difficult to push further upward. The RSI indicator has shown a clear downward turn of the three lines, indicating that the short-term overbought condition has been corrected, and there is a possibility of a trend reversal.
Recommendation:
Short-term range: Bitcoin around 104500-105000
Target 130000-120000, if broken, we patiently look for 980000.
Altcoin: around 2450-2500
Target 2300-2250, if broken, look for 1950#币安AlphaSUI生态交易竞赛 .
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,186.21
-0.69%
ETH
2,474.88
-4.06%