Although the volume on the four-hour level for BTC has converged, the K-line continues to show bullish candles. The KDJ indicator has steadily risen after a golden cross at a low position. The hourly chart shows a bullish candle breaking through the middle track with strong volume, and all time frame moving averages are in a bullish arrangement, indicating strong short-term momentum. Overall, the technical signals suggest that the current trend is still dominated by bulls, with a solid structure and clear upward rhythm. It is recommended to rely on support levels for low long positions, strictly manage risk, and follow the trend to seize the upward market. Suggestion: Buy in the range of 88000 to 89000, targets: 90000, 91000, 92000#
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.
$BTC 12.22 morning analysis
Although the volume on the four-hour level for BTC has converged, the K-line continues to show bullish candles. The KDJ indicator has steadily risen after a golden cross at a low position. The hourly chart shows a bullish candle breaking through the middle track with strong volume, and all time frame moving averages are in a bullish arrangement, indicating strong short-term momentum. Overall, the technical signals suggest that the current trend is still dominated by bulls, with a solid structure and clear upward rhythm. It is recommended to rely on support levels for low long positions, strictly manage risk, and follow the trend to seize the upward market.
Suggestion: Buy in the range of 88000 to 89000, targets: 90000, 91000, 92000#