After four days of retracement at the daily level, the market has seen two consecutive bullish rebounds, indicating the initial signs of a bottom reversal. On the technical side, the lower Bollinger Band is turning upward, confirming short-term bottom support; KDJ has formed a golden cross at a low level and continues to diverge, strengthening bullish momentum. Currently, price and volume are positively resonating, with a clear upward trend.
On the hourly chart, the MACD bearish volume bars are releasing slightly, but the narrowing Bollinger Band range is limiting the downside. The previous single-candle bottom reversal structure has accumulated upward momentum, laying the foundation for subsequent breakthroughs. Considering multi-timeframe technical characteristics, it is recommended to continue buying on dips during pullbacks.
Trading Recommendations
BTC: Buy on dips around 93000-92500. Target 94000-96000.
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12.4 Morning Analysis
After four days of retracement at the daily level, the market has seen two consecutive bullish rebounds, indicating the initial signs of a bottom reversal. On the technical side, the lower Bollinger Band is turning upward, confirming short-term bottom support; KDJ has formed a golden cross at a low level and continues to diverge, strengthening bullish momentum. Currently, price and volume are positively resonating, with a clear upward trend.
On the hourly chart, the MACD bearish volume bars are releasing slightly, but the narrowing Bollinger Band range is limiting the downside. The previous single-candle bottom reversal structure has accumulated upward momentum, laying the foundation for subsequent breakthroughs. Considering multi-timeframe technical characteristics, it is recommended to continue buying on dips during pullbacks.
Trading Recommendations
BTC: Buy on dips around 93000-92500. Target 94000-96000.