From a multi-timeframe perspective, the monthly Bollinger middle band for BTC at 88,800 has been broken downward and has now turned into a resistance level. Looking at the 45-day Bollinger middle band around 77,250, this range (78,800-77,250) is the preferred accumulation zone for this month.
Delving into the 20-day level, the rounded top pattern has been clearly formed, and the downward momentum is gradually strengthening. Two key supports to watch are: the Bollinger lower band at 80,250 and the EMA52 indicator around 75,000. Once the 77,000 level is broken downward, the real golden bottom zone is between 75,000 and 74,600.
In terms of timing, it is now suitable to enter in batches. Considering the current market sentiment, it is recommended to diversify into other mainstream cryptocurrencies to capture this downward opportunity from multiple angles.
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From a multi-timeframe perspective, the monthly Bollinger middle band for BTC at 88,800 has been broken downward and has now turned into a resistance level. Looking at the 45-day Bollinger middle band around 77,250, this range (78,800-77,250) is the preferred accumulation zone for this month.
Delving into the 20-day level, the rounded top pattern has been clearly formed, and the downward momentum is gradually strengthening. Two key supports to watch are: the Bollinger lower band at 80,250 and the EMA52 indicator around 75,000. Once the 77,000 level is broken downward, the real golden bottom zone is between 75,000 and 74,600.
In terms of timing, it is now suitable to enter in batches. Considering the current market sentiment, it is recommended to diversify into other mainstream cryptocurrencies to capture this downward opportunity from multiple angles.