Analysis 7.9 in the morning
The evening review, Bitcoin stopped at 109200, then 📉 to 108000.
From the hourly level, the three Bollinger lines are converging, indicating that the range of movement for Denny has continued to contract recently, and the market is in a stage of accumulation of rebalancing strength. Denny is under pressure from the upper Bollinger line, and has returned to the level of the middle line, showing both the pressure exerted by the upper line on short-term price movements, and also reflecting the initial support role provided by the middle line.
The dual MACD lines are approaching the zero axis to form a bearish crossover, indicating that the momentum of short-term movement has begun to slow down, and that the correction strength has begun to take control in phases. However, it should be noted that the intensity of the bearish crossover signal near the zero axis is relatively moderate, and there has not yet been a clear increase in volume ↓, indicating that the current divergence is still present, and is not a clear signal for a unilateral trend reversal, but rather leans more towards releasing short-term pressure.
Bitcoin can wander near the range of 109000-109800
The target can be near the range of 107400-106600
Nervousness can be distributed in the range of 2600-2650
The target can be near the range of 2540-2500
#BTC##ETH#AltcoinETFsWatch
The evening review, Bitcoin stopped at 109200, then 📉 to 108000.
From the hourly level, the three Bollinger lines are converging, indicating that the range of movement for Denny has continued to contract recently, and the market is in a stage of accumulation of rebalancing strength. Denny is under pressure from the upper Bollinger line, and has returned to the level of the middle line, showing both the pressure exerted by the upper line on short-term price movements, and also reflecting the initial support role provided by the middle line.
The dual MACD lines are approaching the zero axis to form a bearish crossover, indicating that the momentum of short-term movement has begun to slow down, and that the correction strength has begun to take control in phases. However, it should be noted that the intensity of the bearish crossover signal near the zero axis is relatively moderate, and there has not yet been a clear increase in volume ↓, indicating that the current divergence is still present, and is not a clear signal for a unilateral trend reversal, but rather leans more towards releasing short-term pressure.
Bitcoin can wander near the range of 109000-109800
The target can be near the range of 107400-106600
Nervousness can be distributed in the range of 2600-2650
The target can be near the range of 2540-2500
#BTC##ETH#AltcoinETFsWatch
