Thursday Night Bitcoin and Altcoin Strategy


The daily chart shows Bitcoin trading between MA20 and MA60. The resistance at around 90500 is formed by the resonance of MA60 and previous highs. The candlestick pattern shows consecutive long upper shadows, indicating concentrated selling pressure at high levels; although MACD remains in a golden cross, the red bars are continuously shrinking, suggesting diminishing bullish momentum. Before a significant volume breakout occurs, upward space is limited.

The four-hour Bollinger Bands are continuously narrowing, entering a typical convergence cycle; RSI has fallen back to around 45, exiting the strong zone, and after the price broke below EMA30 support without quickly rebounding, upward momentum is insufficient; MACD shows signs of a death cross forming, with initial green bars appearing.

Trading Strategy
Bitcoin at 87000-87500, aiming for 88500 and looking up to 90500
Altcoin at 2880-2920, aiming for 2980 and looking up to 3080
BTC-0,86%
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