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.
BTC0.69%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)