On an hourly timeframe, the price twice dipped to the low point around 2440, and then both times showed signals of stabilizing and rebound. Currently, the price is pulling back near the lower Bollinger Band. The Bollinger Bands are opening wider in the short term, which reflects emotional liquidation after a sharp selloff. The KDJ is running in the low zone, with expectations of a bullish crossover as it turns up from the low area. Although the MACD green histogram is still present, after continuous declines the rate of the green bar expansion has slowed, indicating that bearish momentum is starting to weaken. Compared with the earlier selloff, the volume on this round of selling is beginning to shrink, suggesting that buy-support below is gradually emerging. If the price can hold the 2440 low and not break it, then after stabilizing and rebounding, there is still a chance to test the resistance overhead again.
Reference: go long at 2464 directly, target 2504, with a stop-loss of 30 points $BTC $ETH
Reference: go long at 2464 directly, target 2504, with a stop-loss of 30 points $BTC $ETH
