12.6
Currently, on the 1-hour candlestick chart, after the price bottomed at 87976, BTC has shown a low-level sideways consolidation with alternating small bearish and bullish candles, without any significant bullish surge. This indicates that the bullish rebound is weak and represents a weak stabilization after a decline. The price is now oscillating sideways between the middle and lower bands of the Bollinger Bands, with the upper band sloping downward and the lower band flattening out, showing short-term bearish characteristics.
KDJ: K=50.1, D=43.4, J=63.4. The J line is above 50 but not overbought; the K/D lines have just made a golden cross upward, indicating some short-term rebound momentum, but the upward momentum is weak.
MACD histogram is positive and gradually narrowing; the DIF line is about to cross above the DEA line to form a golden cross, signaling a short-term oversold rebound. However, the overall indicator is still below the zero axis, and the bearish trend has not been fundamentally reversed.
In the short term, the 1-hour timeframe shows weak stabilization plus an oversold rebound. The rebound strength is clearly suppressed by the middle Bollinger Band. If it fails to effectively break through the resistance level, there is still a possibility of retesting support. If it breaks above and holds above the middle band, the short-term rebound could target the upper band area. In the short term, it is recommended to consider light positions near the 89000–88210 area on pullbacks, with targets around 90400–91500.
The above is just personal advice for reference only. Please refer to Haoyu Shipan's layout for specifics! $BTC #btc
Currently, on the 1-hour candlestick chart, after the price bottomed at 87976, BTC has shown a low-level sideways consolidation with alternating small bearish and bullish candles, without any significant bullish surge. This indicates that the bullish rebound is weak and represents a weak stabilization after a decline. The price is now oscillating sideways between the middle and lower bands of the Bollinger Bands, with the upper band sloping downward and the lower band flattening out, showing short-term bearish characteristics.
KDJ: K=50.1, D=43.4, J=63.4. The J line is above 50 but not overbought; the K/D lines have just made a golden cross upward, indicating some short-term rebound momentum, but the upward momentum is weak.
MACD histogram is positive and gradually narrowing; the DIF line is about to cross above the DEA line to form a golden cross, signaling a short-term oversold rebound. However, the overall indicator is still below the zero axis, and the bearish trend has not been fundamentally reversed.
In the short term, the 1-hour timeframe shows weak stabilization plus an oversold rebound. The rebound strength is clearly suppressed by the middle Bollinger Band. If it fails to effectively break through the resistance level, there is still a possibility of retesting support. If it breaks above and holds above the middle band, the short-term rebound could target the upper band area. In the short term, it is recommended to consider light positions near the 89000–88210 area on pullbacks, with targets around 90400–91500.
The above is just personal advice for reference only. Please refer to Haoyu Shipan's layout for specifics! $BTC #btc
