In the four-hour technical chart, the price trend has been long suppressed below the moving averages, showing a weak pattern. Although the MACD indicator shows a narrowing green histogram, it has not broken free from the below-zero zone, only forming a lower relay pattern without any substantial reversal signals.
The three lines of the KDJ indicator show an upward turn, but are constrained by the strong resistance at the 50-level. The rebound momentum is mainly driven by the correction in oversold areas rather than a trend reversal. Overall, the market is currently oscillating at low levels, and the probability of breaking support significantly increases.
Bitcoin: Around 87800-88300 for the consolidation, a rebound to 88800, with a downside target of 86800-85500#BTC
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In the four-hour technical chart, the price trend has been long suppressed below the moving averages, showing a weak pattern. Although the MACD indicator shows a narrowing green histogram, it has not broken free from the below-zero zone, only forming a lower relay pattern without any substantial reversal signals.
The three lines of the KDJ indicator show an upward turn, but are constrained by the strong resistance at the 50-level. The rebound momentum is mainly driven by the correction in oversold areas rather than a trend reversal. Overall, the market is currently oscillating at low levels, and the probability of breaking support significantly increases.
Bitcoin: Around 87800-88300 for the consolidation, a rebound to 88800, with a downside target of 86800-85500#BTC