MACD Morning Short View I don't know how much was absorbed
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Morning Market
Since last night, the market has been showing a one-sided trend of upward fluctuations due to early news influence, reaching around the 84600 level. It has become a habit for the market to drop whenever 'Old Powell' speaks at midnight, leading to pin bars up and down. In the end, it concluded in a bullish manner, breaking through the range and moving up to around 85000. The market has maintained a bottoming principle, and the Bitcoin price has already broken through 87000 with a continued upward trend. This allows the market to establish a new rhythm and further judgment on the range.
From a structural perspective, the Bollinger Bands are clearly rising and operating in the middle to upper bands, with sufficient momentum. Observing the MACD on the 4-hour and 1-hour charts, the opening has already turned, but the overall trend remains upward. In the short term, a short position can be taken. However, it is best to wait for a pullback at this point.
Look for a pullback near 85800–86500 to go long.
Target around 87500–88000.
Look for a pullback near 1980–2010 to go long,
Target around 2070 to 2100.
Since last night, the market has been showing a one-sided trend of upward fluctuations due to early news influence, reaching around the 84600 level. It has become a habit for the market to drop whenever 'Old Powell' speaks at midnight, leading to pin bars up and down. In the end, it concluded in a bullish manner, breaking through the range and moving up to around 85000. The market has maintained a bottoming principle, and the Bitcoin price has already broken through 87000 with a continued upward trend. This allows the market to establish a new rhythm and further judgment on the range.
From a structural perspective, the Bollinger Bands are clearly rising and operating in the middle to upper bands, with sufficient momentum. Observing the MACD on the 4-hour and 1-hour charts, the opening has already turned, but the overall trend remains upward. In the short term, a short position can be taken. However, it is best to wait for a pullback at this point.
Look for a pullback near 85800–86500 to go long.
Target around 87500–88000.
Look for a pullback near 1980–2010 to go long,
Target around 2070 to 2100.
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