64,136, I'm biased to the upside.
The reason is simple: the daily chart is shrinking in volume while falling, and the volume ratio is only 0.3—selling pressure really isn’t big.
The MACD is still bullish. RSI is 51.6 above 50, yet the price has been pushed down below the MA20.
It looks contradictory, but it isn’t.
A pullback on reduced volume suggests not many people are willing to cut their losses at this level.
15-minute RSI is 58.9, and 1-hour RSI is 54.9—both are higher than the daily.
Funds at the smaller timeframe have started to come back.
MA50 is at 63,389, and support is relatively close.
Above, 66,956 is the 24-hour high and also the first resistance.
I plan to go long around 64,000.
Stop loss at 63,380. If it breaks MA50, I’ll admit I’m wrong.
First target 66,740. Once it hits, I’ll take off half; the remainder will try for 66,956.
That previous low at 57,800 is too far away, so I’m not looking at it for now.
The Bollinger Band width is only 4.5%, and both the upper and lower bands are compressed.
Of course, this isn’t financial advice—if you lose money, don’t blame me.
I’m placing a buy order at 64,000 and waiting for it.
#BTC #比特币 #币圈 #行情分析 #ETH
The reason is simple: the daily chart is shrinking in volume while falling, and the volume ratio is only 0.3—selling pressure really isn’t big.
The MACD is still bullish. RSI is 51.6 above 50, yet the price has been pushed down below the MA20.
It looks contradictory, but it isn’t.
A pullback on reduced volume suggests not many people are willing to cut their losses at this level.
15-minute RSI is 58.9, and 1-hour RSI is 54.9—both are higher than the daily.
Funds at the smaller timeframe have started to come back.
MA50 is at 63,389, and support is relatively close.
Above, 66,956 is the 24-hour high and also the first resistance.
I plan to go long around 64,000.
Stop loss at 63,380. If it breaks MA50, I’ll admit I’m wrong.
First target 66,740. Once it hits, I’ll take off half; the remainder will try for 66,956.
That previous low at 57,800 is too far away, so I’m not looking at it for now.
The Bollinger Band width is only 4.5%, and both the upper and lower bands are compressed.
Of course, this isn’t financial advice—if you lose money, don’t blame me.
I’m placing a buy order at 64,000 and waiting for it.
#BTC #比特币 #币圈 #行情分析 #ETH