8.26 BTC morning analysis
Yesterday, if BTC on the 4H timeframe failed to hold above 81,000, it would be a fake breakout and trigger a pullback in the current phase. Current price is getting a valid bounce in the prior low area, printing a long lower wick and forming a piercing pattern. Bearish momentum in this zone has clearly weakened. The lower Bollinger Band is flattening; price rebounds from below the band. The RSI has risen from a low level and shows an early-stage bearish divergence against price (bottom divergence forming). After the negative gamma squeeze release, market makers have gradually begun to enter with inverse-hedging buy orders. The current key resistance is at the mid-band. Once price stands above it with volume, the room for the rebound will open, and it may again test the previous high area. In terms of strategy, continue with the “buy the pullback” mindset, and set take-profit and stop-loss strictly.
Trading suggestion: Go long at 77,400–77,900, target 79,500–80,000.
$TSMB $MSFTB $AAPLB #日本9至10月不再释放石油储备
Yesterday, if BTC on the 4H timeframe failed to hold above 81,000, it would be a fake breakout and trigger a pullback in the current phase. Current price is getting a valid bounce in the prior low area, printing a long lower wick and forming a piercing pattern. Bearish momentum in this zone has clearly weakened. The lower Bollinger Band is flattening; price rebounds from below the band. The RSI has risen from a low level and shows an early-stage bearish divergence against price (bottom divergence forming). After the negative gamma squeeze release, market makers have gradually begun to enter with inverse-hedging buy orders. The current key resistance is at the mid-band. Once price stands above it with volume, the room for the rebound will open, and it may again test the previous high area. In terms of strategy, continue with the “buy the pullback” mindset, and set take-profit and stop-loss strictly.
Trading suggestion: Go long at 77,400–77,900, target 79,500–80,000.
$TSMB $MSFTB $AAPLB #日本9至10月不再释放石油储备
