$BTC 8.20 Wednesday Night Bitcoin Analysis
At the one-hour level, the price is under dual pressure from the MA144 and MA169 moving averages, with the moving averages in a 'kettle head' arrangement forming a strong resistance zone. The MACD indicator currently shows limited expansion of the red bars, resembling a weak rebound during a downward process. The key support level is around 112500; if this level is broken, the price may accelerate downward.
Personal advice, for reference only (strict defense settings recommended)
Bitcoin range 114000-114500, target 112500, 111000
At the one-hour level, the price is under dual pressure from the MA144 and MA169 moving averages, with the moving averages in a 'kettle head' arrangement forming a strong resistance zone. The MACD indicator currently shows limited expansion of the red bars, resembling a weak rebound during a downward process. The key support level is around 112500; if this level is broken, the price may accelerate downward.
Personal advice, for reference only (strict defense settings recommended)
Bitcoin range 114000-114500, target 112500, 111000
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BTC
112,372.77
-1.79%