BTC Evening Analysis
Directly look at the 1-hour candlestick chart; the Bitcoin index shows a channel oscillation with a slight upward trend, simultaneously accompanied by weakening market momentum and a struggle between long and short forces. The MACD white line has a tendency to cross below the zero axis, and trading volume is shrinking and sluggish. However, in the short term, the price is fluctuating near the upward trend line, indicating a possibility for directional choice. If it breaks through the key resistance level of 119,900 and holds, the upward trend may continue; if it falls below the key support level of 118,400, the adjustment range may increase, and one can observe whether support holds around 117,600. For specific operational points, you can follow me for real-time notifications in the group.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
118,067.8
-0.27%
