Thursday's Latest Bitcoin and Altcoin Analysis

Yesterday, our Dōdan entry points aligned again. Both Bitcoin and altcoins experienced a small retracement before entering our buy zones. Currently, Bitcoin faces resistance at 88,000, and altcoins are encountering resistance below 3,000. Whether they can break through smoothly depends on this level. Today, it is recommended to stay cautious and prepared. Behind the calm, there may be hidden storms!

From the moving average indicator system, the current trend has entered a bearish control phase. In the short term, the 7-day moving average forms a strong resistance zone. Each rebound to this level is quickly met with selling pressure, indicating a clear lack of upward momentum. In the medium term, the 30-day moving average remains in a downward trend, continuously exerting pressure on the price movement. As a long-term reference, the 60-day moving average has formed a death cross with the 30-day moving average, and this state has persisted for three trading days. The bearish resonance of the moving average system continues to strengthen.

Bitcoin Key Levels
Above: 88,000, 89,000; Below: 86,000.
Altcoin Key Levels
Above: 3,000, 3,050; Below: 2,850.

Personal opinion, for entertainment only, not investment advice!