The 4-hour K-line chart shows that after a rapid rise in BTC, the recent K-lines are mainly alternating between small bearish and bullish candles, forming a consolidation pattern. The price fluctuates around the 90000 - 92000 range and has not effectively broken through the previous high, indicating a typical phase of consolidation after a surge. The RSI indicator is above 50, in a neutral to strong zone, and has not entered the overbought or oversold areas. The short-term bullish and bearish forces have not shown extreme imbalance and are still in a state of oscillation.
In a volatile market, it is recommended to adopt a wait-and-see approach, without rushing to enter. Wait for the price to fall back to key support levels for confirmation before deciding to enter. In terms of operations, look to follow the trend and expect a pullback, then seize the opportunity for a rebound.
Operation Suggestions
Bitcoin: 89000-90000, target 91000-93000
Er Bing: 2900-2980 Duo, target 3050-3200
(Personal opinions are for reference only; everything is subject to the actual market!) #BTC #ETH
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View on the morning of the 12th.
The 4-hour K-line chart shows that after a rapid rise in BTC, the recent K-lines are mainly alternating between small bearish and bullish candles, forming a consolidation pattern. The price fluctuates around the 90000 - 92000 range and has not effectively broken through the previous high, indicating a typical phase of consolidation after a surge. The RSI indicator is above 50, in a neutral to strong zone, and has not entered the overbought or oversold areas. The short-term bullish and bearish forces have not shown extreme imbalance and are still in a state of oscillation.
In a volatile market, it is recommended to adopt a wait-and-see approach, without rushing to enter. Wait for the price to fall back to key support levels for confirmation before deciding to enter. In terms of operations, look to follow the trend and expect a pullback, then seize the opportunity for a rebound.
Operation Suggestions
Bitcoin: 89000-90000, target 91000-93000
Er Bing: 2900-2980 Duo, target 3050-3200
(Personal opinions are for reference only; everything is subject to the actual market!) #BTC #ETH