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4.1 Early Morning Bitcoin and Altcoin Analysis
Looking at the 4-hour chart, the Bollinger Bands are opening downward, with the price near the lower band. The middle band acts as strong resistance, and the lower support is precarious, confirming a bearish channel. Short- and medium-term moving averages are arranged in a bearish alignment, with the price pressured above all moving averages, facing resistance on rebounds, indicating a one-sided downtrend. The three moving averages are forming a death cross and diverging downward, with momentum exhausted. There is no bottom divergence signal, and the downtrend continues
Trading Suggestions
Bitcoin: Buy within 68,000-69,500, target 65,000
Altcoin: Buy within 2,130-2,160, target 1,950
$BTC $ETH $SOL #加密市场普遍上涨 #btc