From the 1-hour K-line chart, this wave of the market has been mainly driven by news from the US side, with prices fluctuating up and down. Many have been caught off guard and taken profits, and it’s estimated that quite a few people have been trapped again. From a technical perspective, the price has firmly stayed above the middle band of the Bollinger Bands, and the KDJ indicator is still trending upward. Overall, the bears still hold the advantage.
For trading, it is recommended to buy between 86,500—87,500.
Target levels are set at 89,000—90,000.
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12.20 $BTC Market Analysis
From the 1-hour K-line chart, this wave of the market has been mainly driven by news from the US side, with prices fluctuating up and down. Many have been caught off guard and taken profits, and it’s estimated that quite a few people have been trapped again. From a technical perspective, the price has firmly stayed above the middle band of the Bollinger Bands, and the KDJ indicator is still trending upward. Overall, the bears still hold the advantage.
For trading, it is recommended to buy between 86,500—87,500.
Target levels are set at 89,000—90,000.