Bitcoin's short-term bearish momentum still dominates, and the rebound strength is weak; the MACD indicator's dual lines continue to decline, and the MACD histogram is green with an increasing value, indicating that although the bearish momentum has temporarily eased, there are no signs of exhaustion; the rebound after a sharp decline only recovers a small portion of the losses, and during the rebound, trading volume is insufficient, reflecting weak bullish buying desire. Bitcoin recommendation: 86,600-87,000 range, with a downside target of 85,000-84,500. Altcoin recommendation: 2,980-3,010 range, with a downside target of 2,800-2,750.
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.
Morning Analysis
Bitcoin's short-term bearish momentum still dominates, and the rebound strength is weak; the MACD indicator's dual lines continue to decline, and the MACD histogram is green with an increasing value, indicating that although the bearish momentum has temporarily eased, there are no signs of exhaustion; the rebound after a sharp decline only recovers a small portion of the losses, and during the rebound, trading volume is insufficient, reflecting weak bullish buying desire.
Bitcoin recommendation: 86,600-87,000 range, with a downside target of 85,000-84,500.
Altcoin recommendation: 2,980-3,010 range, with a downside target of 2,800-2,750.