Interesting phenomena have appeared on the Bitcoin hourly chart: DIF and DEA are forming a golden cross at low levels, and the MACD has shifted from green to red. The red energy bars are enlarging, indicating that the previous downward momentum is becoming difficult to sustain, and buying pressure is gradually accumulating.
The KDJ indicator is also cooperating; after the indicator value dropped to the oversold area of 10.9, it began to rebound. The candlestick is about to cross above the D line, and another low-level golden cross is about to appear, which usually suggests that a short-term rebound may be starting.
From a technical perspective, recent support for Bitcoin is around 91,300, with the main resistance levels between 92,300 and 91,800. If broken upward, the next target could be in the range of 93,300 to 94,600.
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RugpullSurvivor
· 6h ago
It's another golden cross and buying accumulation, sounds pretty good... When was the last time I said that?
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SerumDegen
· 6h ago
nah fr the macd crossover cope is hitting different rn... 10.9 on kdj and we're supposed to believe this isn't just another bull trap before liquidation cascade lmao
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MevWhisperer
· 6h ago
It's the old trick of a bottom golden cross again. Whether it can truly rebound this time depends on whether the buying pressure is strong enough.
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GateUser-75ee51e7
· 7h ago
Golden cross and golden cross again, can this time be more reliable?
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rekt_but_not_broke
· 7h ago
The golden cross is here again. Can it break 92,300 this time? Feels like it's been repeatedly testing the same level.
Interesting phenomena have appeared on the Bitcoin hourly chart: DIF and DEA are forming a golden cross at low levels, and the MACD has shifted from green to red. The red energy bars are enlarging, indicating that the previous downward momentum is becoming difficult to sustain, and buying pressure is gradually accumulating.
The KDJ indicator is also cooperating; after the indicator value dropped to the oversold area of 10.9, it began to rebound. The candlestick is about to cross above the D line, and another low-level golden cross is about to appear, which usually suggests that a short-term rebound may be starting.
From a technical perspective, recent support for Bitcoin is around 91,300, with the main resistance levels between 92,300 and 91,800. If broken upward, the next target could be in the range of 93,300 to 94,600.