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Wednesday's Latest Bitcoin and Altcoin Strategy
From the current market outlook, after the Bitcoin 4-hour chart formed four consecutive bearish candles to test the bottom, it suddenly gained momentum and surged upward, breaking through the middle band of the Bollinger Bands and a key resistance level. Although there was a slight pullback afterward, it remained above the middle band, indicating strong bullish support signals.
Looking at the technical indicators, the three Bollinger Bands are beginning to turn upward, and the KDJ golden cross pattern is becoming more solid, which suggests that the previously weak bullish momentum is rapidly recovering. Currently, there is an effort to push toward the 90,000 level; failure to stabilize above 90,000 would indicate a bearish trend.
Switching to the hourly chart, it shows a standard "two bullish candles engulfing one bearish candle" oscillating upward pattern. The divergence of the three Bollinger Bands is more evident than on the 4-hour chart, further confirming that the bullish force is still increasing.
Bitcoin: Around 88,000, aiming for 90,000:
Altcoins: Around 2,850, aiming for 3,050 key resistance.
Personal opinion, for reference only, not investment advice!