After the four-hour MACD golden cross, the red histogram has expanded, but this is a rebound signal within a downtrend. The KDJ indicator's J line has entered the overbought zone, indicating excessive bullish sentiment. The short-term correction risk has increased. The previous downward structure from the high point to the low point has not been effectively reversed. The current rebound appears more like a prelude to a pause before a rally.
Personal advice, for reference only (strictly set stop-losses): Bitcoin around 68,700, buy at 69,700, target 67,000, 65,300 Altcoin around 2,075, buy at 2,135, target 2,000, 1,900
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MagnesiumOxide
· 17h ago
Keep going! Wishing you a prosperous Year of the Horse. I've been following your posts for a long time. Charge ahead in the Year of the Horse!💪💪💪
Thursday, 2.26 Intraday Analysis
After the four-hour MACD golden cross, the red histogram has expanded, but this is a rebound signal within a downtrend. The KDJ indicator's J line has entered the overbought zone, indicating excessive bullish sentiment. The short-term correction risk has increased. The previous downward structure from the high point to the low point has not been effectively reversed. The current rebound appears more like a prelude to a pause before a rally.
Personal advice, for reference only (strictly set stop-losses):
Bitcoin around 68,700, buy at 69,700, target 67,000, 65,300
Altcoin around 2,075, buy at 2,135, target 2,000, 1,900