2.10 Tuesday Night Analysis



Although the four-hour timeframe shows a rebound from the low of 59,800, it remains under pressure below the MA144 and MA169 moving averages. There is strong resistance around 82,000 above, making a short-term breakout very difficult. After the MACD bullish crossover, the red histogram gradually shortens, indicating waning momentum. The KDJ indicator is turning downward, increasing the pressure for correction. Recently, market sentiment has been boosted by ETF positive news, but uncertainty in Federal Reserve policies continues to suppress risk assets. Coupled with rising global risk aversion, in the short term, support at the 69,000 level is fragile. If it falls below 68,000, the decline will accelerate.

Personal advice, for reference only (strictly set defensive positions):
Bitcoin around 69,800, buy on dips at 70,800, target 68,000, 66,300
Altcoin around 2,065, buy on dips at 2,135, target 1,980, 1,880
BTC-0,46%
ETH-2,11%
View Original
post-image
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)