Friday Morning Market Update:


Bitcoin rebounded from around 95,500 to near 97,100 in the early hours, then pulled back to around 95,000. Currently, it is bouncing around 95,700 with sideways oscillation. The market is experiencing small-range fluctuations with a slight decline, and moving averages are trending downward. The daily candlestick shows a decrease in volume with a bearish candle yesterday. The four-hour chart indicates a transition from a bearish to a bullish pattern, with increasing volume gradually approaching the midline, currently showing a bullish candle. The MACD is in a dead cross heading downward, and the KDJ is also trending downward. The hourly chart shows decreasing volume in the bullish pattern, with Bollinger Bands gradually moving downward. The price touched the lower band and rebounded, with MACD crossing below zero. Overall, the market faces resistance above, and trading strategies should maintain a cautious bullish outlook.

Friday Morning:

Market range: around 95,900-96,200, with a target of approximately 94,800-94,500.

Market range: around 33,35-33,55, with a target of approximately 32,75-32,55.
BTC-0,65%
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