【Market Analysis】This Wednesday (March 13), BTC began to recover after reaching the support level of 80,600, with the highest intraday test of the 83,900 resistance zone failing.
Currently, the MACD bearish momentum on the four-hour level is gradually weakening, and the Bollinger Bands are narrowing, indicating a consolidation trend. The hourly chart shows significant selling pressure in the 84,000-84,900 range. Attention should be paid to price fluctuations caused by thin trading during the early morning hours.
【Trading Suggestions】
• Long Position Setup: Build positions in the 82,500-82,800 range
• Stop Loss Setting: Around 82,000
• Target Space: 84,400 area