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8.2 Morning Market Analysis
The price of Bitcoin has been declining for several consecutive days, dropping to a low of 113022. The 4-hour K-line shows a downward trend, having broken below the lower Bollinger Band, with bearish forces dominating in the short term, indicating a bearish trend. The KDJ indicator has formed a death cross and is extending outward, with the J value in the low oversold zone. The MACD indicator is below the zero axis, with bearish volume increasing, and the downtrend has not shown significant improvement. Although the KDJ indicator suggests the expectation of an oversold rebound, both the Bollinger Band and MACD indicators indicate bearish dominance. If the price cannot quickly recover to the middle band, it is likely to continue the downward trend. It is recommended to pay attention to the support level at the previous low of 113022 and the resistance at the middle band, with a focus on bearish strategies; consider shorting during rebounds.
Operational Suggestions:
The range of Bitcoin is between 114000 and 114500, with a target looking down towards the vicinity of 111800 to 112300.
Auntie in the range of 3520-3550, target looking down at 3410-3440 #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布#