The daily Bollinger Bands continue to contract and flatten, with the 7-day moving average and 30-day moving average showing a weak alignment. However, the MACD histogram is shrinking, indicating that the downward momentum is gradually weakening. The 4-hour chart shows a "bottoming-out - rebound - consolidation" oscillation pattern, forming a short-term ascending wedge. The bulls and bears are in a stalemate. The RSI remains around 50 in the neutral zone, with no obvious overbought or oversold signals; although the MACD is trending upward on the 4-hour cycle, the histogram is shortening, indicating a lack of short-term directional momentum. Short-term support is focused on 87,000-87,500, with strong support at 85,500. Resistance is concentrated at 88,800-89,300, with strong resistance at 90,000.
Trading directions Bitcoin retraces to the 87,000-87,500 range, target 88,500, aiming for 89,500. Altcoin retraces to the 2,950-2,970 range, target 3,020, aiming for 3,080.
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Thursday Daytime Bitcoin and Altcoin Strategy
The daily Bollinger Bands continue to contract and flatten, with the 7-day moving average and 30-day moving average showing a weak alignment. However, the MACD histogram is shrinking, indicating that the downward momentum is gradually weakening.
The 4-hour chart shows a "bottoming-out - rebound - consolidation" oscillation pattern, forming a short-term ascending wedge. The bulls and bears are in a stalemate.
The RSI remains around 50 in the neutral zone, with no obvious overbought or oversold signals; although the MACD is trending upward on the 4-hour cycle, the histogram is shortening, indicating a lack of short-term directional momentum.
Short-term support is focused on 87,000-87,500, with strong support at 85,500. Resistance is concentrated at 88,800-89,300, with strong resistance at 90,000.
Trading directions
Bitcoin retraces to the 87,000-87,500 range, target 88,500, aiming for 89,500.
Altcoin retraces to the 2,950-2,970 range, target 3,020, aiming for 3,080.