8.26 BTC market analysis strategy
Bitcoin’s current trading range is consolidating in a high sideways zone on a 12-hour timeframe. The MACD line on the 2-day timeframe is forming pillars and crossing upward, which prevents the market from continuing a smooth downward pullback. The main adjustment phase is expected at the 5-day timeframe, with the MACD moving below the waterline as the market bottoms.
Intraday resistance: The short-term resistance levels are concentrated in the 78,900–79,600 range, and the key pressure zone is at 82,500–82,800.
Intraday support: 78,300 and 76,700. If 76,700 breaks, the downward move should become relatively smoother.Once 76,700 breaks, strong support is lost, and subsequent support is expected at 74,500 and 73,700;
$BTC
Bitcoin’s current trading range is consolidating in a high sideways zone on a 12-hour timeframe. The MACD line on the 2-day timeframe is forming pillars and crossing upward, which prevents the market from continuing a smooth downward pullback. The main adjustment phase is expected at the 5-day timeframe, with the MACD moving below the waterline as the market bottoms.
Intraday resistance: The short-term resistance levels are concentrated in the 78,900–79,600 range, and the key pressure zone is at 82,500–82,800.
Intraday support: 78,300 and 76,700. If 76,700 breaks, the downward move should become relatively smoother.Once 76,700 breaks, strong support is lost, and subsequent support is expected at 74,500 and 73,700;
$BTC
