The price of Bitcoin has shown strong performance, successfully breaking through previous highs and quickly climbing to the 91800 level. However, the upward momentum halted here and did not continue further, indicating significant selling pressure above. In terms of the MACD indicator, it is still above the zero axis, and the histogram line continues to expand, but a divergence structure is quietly emerging, which largely suggests that there may be a risk of a price pullback for Bitcoin in the short term.
From the 4-hour chart analysis, the bulls have formed a series of consecutive green candles but have not broken through the resistance level. At the same time, the Bollinger Bands moving average is opening upwards, which provides some guidance for future market direction, and one can pay attention to the timing for shorting after a rebound. On the hourly chart level, the bulls are gradually moving up with small green candle formations, but the upside space is relatively limited, and there are obvious resistance conditions. In light of this, in the morning session trading, it is recommended to maintain a strategy of shorting after a rebound.
Morning analysis:
Bitcoin: range of 91500-92000, target 88000
Ethereum: range of 2280-2300, target 2200
The market is constantly changing, and the above suggestions are for reference only; specific operations should be based on actual circumstances!
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