The four-hour timeframe has been consistently trading below the moving averages. Although the MACD green bars are narrowing, they have not exited the consolidation zone, indicating a continuation of the downward trend. The KDJ indicator's three lines are turning upward but have not broken through the 50 level. The rebound is purely a correction from oversold conditions. Overall, after a low-volume consolidation, there is a high probability of a breakdown.
Personal suggestion, for reference only (strictly set stop-loss) Bitcoin around 88,300, see for a rebound at 89,300, target 87,000, 85,500$BTC
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12.25 Thursday Intraday Bitcoin Analysis
The four-hour timeframe has been consistently trading below the moving averages. Although the MACD green bars are narrowing, they have not exited the consolidation zone, indicating a continuation of the downward trend. The KDJ indicator's three lines are turning upward but have not broken through the 50 level. The rebound is purely a correction from oversold conditions. Overall, after a low-volume consolidation, there is a high probability of a breakdown.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin around 88,300, see for a rebound at 89,300, target 87,000, 85,500$BTC