From the 1-hour chart, the price dipped to around 87,500 and then quickly rebounded, indicating strong support at the bottom. On the technical indicators, the MACD shows a subtle golden cross, with the red histograms shrinking, and the upward momentum appears to be weakening. It is advisable to consider buying on dips.
Personal suggestion, for reference only (strictly set stop-loss) Bitcoin can be bought around 88,500-89,500, with target levels of 91,500-92,500.
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12.15 Monday Morning Bitcoin Analysis
From the 1-hour chart, the price dipped to around 87,500 and then quickly rebounded, indicating strong support at the bottom. On the technical indicators, the MACD shows a subtle golden cross, with the red histograms shrinking, and the upward momentum appears to be weakening. It is advisable to consider buying on dips.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin can be bought around 88,500-89,500, with target levels of 91,500-92,500.