In the afternoon, BTC experienced a brief pullback, touching the 86000-86500 support/resistance level before being supported by buying interest and rebounding. The daily upward channel structure remains intact, and the overall bullish trend has not changed. The 1-hour RSI formed a bullish divergence in the oversold zone and returned to the midline, indicating weakening short-term bearish momentum. If subsequent volume supports, and the price stabilizes above the 87500 resistance, a new round of upward movement may begin, with the target at 88500, further challenging the 90000-92000 range.
Trading suggestion: For BTC, consider positioning between 86500-87000 Targeting 89000.
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12/17 BTC Evening Trading Analysis
In the afternoon, BTC experienced a brief pullback, touching the 86000-86500 support/resistance level before being supported by buying interest and rebounding. The daily upward channel structure remains intact, and the overall bullish trend has not changed. The 1-hour RSI formed a bullish divergence in the oversold zone and returned to the midline, indicating weakening short-term bearish momentum. If subsequent volume supports, and the price stabilizes above the 87500 resistance, a new round of upward movement may begin, with the target at 88500, further challenging the 90000-92000 range.
Trading suggestion: For BTC, consider positioning between 86500-87000
Targeting 89000.