Hey, everyone! How's the pancake market looking this morning?
Here are the key points for you!
1. Technical signals MACD: Daily chart shows a top divergence, the 4-hour bullish momentum is weakening, and a short-term pullback may be on the horizon!
RSI: Hourly chart is overbought (RSI breaks 70), need to take it slow.
KDJ death cross has just formed, and the bears haven't 'gained strength' yet.
Moving averages: MA10 is above MA30, currently bullish.
However, if it breaks below the 20-day and 50-day moving averages, the trend might change!
2. Key price levels Support: 85500-86000, if it breaks below this
it could drop directly below 83000!
Resistance: 94500, if it breaks through, it can challenge the psychological barrier of 96000!
3. Trading advice: Wait for the price to pull back to around 93000-92500, and then decisively go long!
Target directly towards 94500-96000!
But remember, the crypto market is highly volatile, so manage your risk well and don't get too carried away~ #加密货币总市值重回3万亿