From the current chart of Bitcoin, the MACD green histogram is shortening and turning red, indicating that the selling pressure is initially easing. However, the trading volume has not significantly increased, and the market is in a consolidation phase forming a bottom. After the consolidation ends, a rebound is expected. It is recommended to focus on important support levels for positioning.
Morning trading suggestion: mainly buy on dips
Bitcoin: buy within the 91000-90500 range, aiming for around 93000
For aggressive traders, enter in batches and set proper defensive positions. #Gate广场创作者新春激励 $BTC
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.
1.12 Monday Morning Outlook
From the current chart of Bitcoin, the MACD green histogram is shortening and turning red, indicating that the selling pressure is initially easing. However, the trading volume has not significantly increased, and the market is in a consolidation phase forming a bottom. After the consolidation ends, a rebound is expected. It is recommended to focus on important support levels for positioning.
Morning trading suggestion: mainly buy on dips
Bitcoin: buy within the 91000-90500 range, aiming for around 93000
For aggressive traders, enter in batches and set proper defensive positions. #Gate广场创作者新春激励 $BTC