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1.20 Tuesday Latest Bitcoin and Altcoin Thoughts
Yesterday, we analyzed the corresponding levels and ideas: Bitcoin at 90500, Altcoin at 3080. The underlying support remains broad, and it's uncertain how many have benefited or how many are holding on tightly.
In the short term, Bitcoin's moving average system shows a tangled and intertwined state. The RSI indicator is in the neutral zone, and the MACD histogram is fluctuating close to the zero line. These signals indicate a lack of clear bullish or bearish momentum for now.
Currently, Altcoin is consolidating around 3100, overall in a bottoming phase after deep dips. Although it previously broke through the resistance of a symmetrical triangle pattern, due to insufficient volume and waning buying interest, it failed to push higher and remains in a sideways consolidation.
Bitcoin from 89500-90500, then to 92500-93500.
Altcoin from 3020-3070, then to 3200-3250.
In this critical period, stay defensive, avoid fighting against the trend, and adjust your positions at any time!
Personal opinion, for reference only, not investment advice!
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