Wednesday midday Bitcoin market review



Looking at Bitcoin's rebound after this wave of correction, both bulls and bears have benefited. From the 1-hour chart, the MACD is still oscillating below the zero line, and the KDJ is also heading downward. The resistance levels on the monthly and weekly charts are quite firm, and a doji has already appeared on the daily chart. In the short term, further adjustment is needed before attempting to push higher.

My view (set up proper defenses, avoid reckless trading):

Bitcoin can consider positioning in the 93500-94500 range, with targets around 92000-91000 #数字资产动态追踪
Ethereum also depends on Bitcoin's direction $BTC

Binance Coin's rhythm is similar to the overall market $ETH

For reference only, trade at your own risk.
BTC0,61%
ETH-0,34%
BNB1,36%
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MissedTheBoatvip
· 01-08 03:00
Waiting for the bottom again? I feel like this wave might still drop further, it doesn't seem that simple.
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GasFeeSurvivorvip
· 01-07 05:00
Still wandering around there. This resistance level is really tight. I think I should be patient and wait a bit longer.
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GhostWalletSleuthvip
· 01-07 04:58
This Bitcoin movement is really like this—rebouncing and then pulling back. I think it still needs to continue oscillating.
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ApyWhisperervip
· 01-07 04:58
This wave of Bitcoin's movement is like dancing. 93500-94500 is indeed a good entry point; it all depends on whether it can hold.
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AlwaysQuestioningvip
· 01-07 04:50
Can the 93,500 level really be a bottoming point, or is it just the prelude to further decline?
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