9.8 BTC Analysis
After a bullish spike on the 1-hour timeframe, BTC turned down. Price effectively broke below the Bollinger middle band; the band width is gradually widening downward, and bearish momentum continues to release. RSI6 has fallen to 33.11, nearing the oversold zone. MACD remains in a dead-cross structure below the zero line, with the negative histogram continuing to expand, while capital flows are synchronously net outflow. In the short term, the strong resistance lies at 79151 around the Bollinger middle band. The Bollinger lower band at 78722 is nearby support, and the prior low at 78650 is a key defensive level. If support at 78650 breaks, the room for further pullback will expand. Only if the price rebounds and holds above the middle band can the downside pressure be alleviated. It is not advisable to blindly bottom-pick right now; wait for stabilization signals. Meanwhile, be alert to the risk of wick spikes caused by insufficient market liquidity, and make sure to manage risk.
Trading suggestion: Sell 79100-79600, target 77100-77600.$BTC $ETH
After a bullish spike on the 1-hour timeframe, BTC turned down. Price effectively broke below the Bollinger middle band; the band width is gradually widening downward, and bearish momentum continues to release. RSI6 has fallen to 33.11, nearing the oversold zone. MACD remains in a dead-cross structure below the zero line, with the negative histogram continuing to expand, while capital flows are synchronously net outflow. In the short term, the strong resistance lies at 79151 around the Bollinger middle band. The Bollinger lower band at 78722 is nearby support, and the prior low at 78650 is a key defensive level. If support at 78650 breaks, the room for further pullback will expand. Only if the price rebounds and holds above the middle band can the downside pressure be alleviated. It is not advisable to blindly bottom-pick right now; wait for stabilization signals. Meanwhile, be alert to the risk of wick spikes caused by insufficient market liquidity, and make sure to manage risk.
Trading suggestion: Sell 79100-79600, target 77100-77600.$BTC $ETH
