During the early hours, KDJ and MACD moved downward simultaneously, and the BOLL indicator temporarily broke below the lower band, forming a short-term breakdown. Subsequently, the market stabilized and rebounded at a key support level, with increased volume confirming the support's validity. The market gradually shifted to a strong trend, currently entering a oscillating upward phase.
From the moving averages, the short-term MA still shows a downward trend, but the price and MA5 have a clear deviation, which usually indicates a need for technical correction. Meanwhile, both Bitcoin and Altcoin are above the red TD9 signal, and the daily RSI is approaching the oversold zone, indicating that short-term selling pressure has eased and rebound momentum is building.
Based on comprehensive technical analysis, the market has initially met the conditions for a rebound, and the upward trend is likely to continue with technical correction. We will maintain a cautious outlook, focusing on low buy opportunities after pullbacks to seize short-term recovery chances.
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1.22 Thursday Latest Bitcoin and Altcoin Strategy
During the early hours, KDJ and MACD moved downward simultaneously, and the BOLL indicator temporarily broke below the lower band, forming a short-term breakdown. Subsequently, the market stabilized and rebounded at a key support level, with increased volume confirming the support's validity. The market gradually shifted to a strong trend, currently entering a oscillating upward phase.
From the moving averages, the short-term MA still shows a downward trend, but the price and MA5 have a clear deviation, which usually indicates a need for technical correction. Meanwhile, both Bitcoin and Altcoin are above the red TD9 signal, and the daily RSI is approaching the oversold zone, indicating that short-term selling pressure has eased and rebound momentum is building.
Based on comprehensive technical analysis, the market has initially met the conditions for a rebound, and the upward trend is likely to continue with technical correction. We will maintain a cautious outlook, focusing on low buy opportunities after pullbacks to seize short-term recovery chances.
Bitcoin 88500-89500 cautious, 91500, 93000.
Altcoin 2930-2980 cautious, 3080, 3150.
Personal opinion, for reference only, not investment advice!