At the four-hour level, both MA144 and MA169 moving averages provide support, but the price has already pulled back from the high, forming a long upper shadow indicating resistance. Although the MACD red histogram has not significantly narrowed, a preliminary bearish divergence signal has appeared. The previous high has become a short-term strong resistance.
Personal suggestion, for reference only (strictly set stop-loss) Bitcoin around 97,000, buy on dips at 98,000, target 95,800, 94,000$BTC
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1.15 Monday Intraday Bitcoin Analysis
At the four-hour level, both MA144 and MA169 moving averages provide support, but the price has already pulled back from the high, forming a long upper shadow indicating resistance. Although the MACD red histogram has not significantly narrowed, a preliminary bearish divergence signal has appeared. The previous high has become a short-term strong resistance.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin around 97,000, buy on dips at 98,000, target 95,800, 94,000$BTC