At the four-hour level, the MA144 and MA169 moving averages form strong resistance. The price continues to operate below these averages. The MACD histogram shows only a weak rebound signal, and the KDJ is at a low level with no golden cross indication. The support at the 85,000 level is precarious. Coupled with macro and industry bearish signals, the short-term downside risk is further increased.
Personal advice, for reference only (strictly set defensive measures) Bitcoin around 87,200, see a rebound at 88,200, target 86,000, 84,300$BTC
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12.18 Thursday Intraday Bitcoin Analysis
At the four-hour level, the MA144 and MA169 moving averages form strong resistance. The price continues to operate below these averages. The MACD histogram shows only a weak rebound signal, and the KDJ is at a low level with no golden cross indication. The support at the 85,000 level is precarious. Coupled with macro and industry bearish signals, the short-term downside risk is further increased.
Personal advice, for reference only (strictly set defensive measures)
Bitcoin around 87,200, see a rebound at 88,200, target 86,000, 84,300$BTC