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Current BTC logic: Technical triple resonance, the 90000 level is worth following.
From the daily technical perspective, BTC currently shows clear low-level signals. Combining this with historical trend patterns, there is certain layout value around 90000, with the specific logic as follows:
The lower band of the daily Bollinger Bands is at 90200, and the current price of 90000 is close to the lower band. Looking back at past trends, when the price touches the lower band of the Bollinger Bands and is in an extremely compressed state, it often triggers a corrective rebound. After several similar patterns in 2023, there have been varying degrees of recovery trends, and the support strength in this range is worth noting.
The RSI6 indicator has currently dropped to 16.2, entering the historically extreme oversold range (below 20 is considered extremely oversold). Historical data shows that whenever the RSI reaches this range, BTC is likely to experience a stage rebound afterward. The market trends in November 2022 and June 2023 have both verified this pattern. Currently, the bearish momentum is diminishing, and the probability of a bullish counterattack is increasing.
The MACD green bars continue to shorten, and the DIF and DEA have formed a clear bottom divergence pattern. This signal usually indicates that the bearish momentum is about to exhaust, and the bullish strength begins to accumulate. Combining with past trends, similar bottom divergences often lead to a rebound space of no less than 5000 points for BTC, with a strong expectation of short-term trend repair.
Suggested action:
You can position a small amount in the range of 90000-90200, relying on the lower support to bet on a rebound.
Conservative: Wait for the price to stabilize above 90500 before adding positions, with a short-term target focusing on the resistance level of 95000, and a medium-term view on the integer level of 100000! #逆势上涨币种推荐