Bitcoin 82600 is bullish on 84600

Monday Bitcoin Market Analysis
$BTC
The market over the weekend was relatively slow, fluctuating within a narrow range and undergoing minor corrections. However, after a rapid rebound to the 85000 area last night, the bulls did not continue, and instead, the price fluctuated downward, reaching a low of around 82000 in the early morning before rebounding and correcting!

Currently, looking at the four-hour chart, the market experienced a washout action in the early morning and is now rebounding to test the middle track and short-term moving averages. The Bollinger Bands are in a contracted state, and the short-term moving averages are also operating around the middle track. The MACD fast and slow lines have turned down near the 0 axis, showing signs of a reversal, while the KDJ is testing upward. Overall, the market is facing resistance near the previous high, which is also a suppression from the daily middle track. Therefore, in the short term, we should first pay attention to this area. If it breaks through, we need to watch for resistance below 87000 and also focus on the support situation near 82000.

For specific operations, you can refer to

Bitcoin 82600-800 area directly buy, look at the 84600-86800 area. If the upper price does not continue after reaching, you can short once to see a retracement correction! Note that all positions must be handled with caution.