The four-hour timeframe shows that the price has already broken through the MA144 and MA169 medium to long-term moving averages. The moving average system is turning downward, forming resistance. The MACD indicator remains in the negative zone with continued green bars. The KDJ lines are at low levels and have not yet shown effective stabilization signals. The price is likely to continue downward. Attention should be paid to the validity of the 86000 support level; a break below could lead to further decline towards the 84000 level.
Personal suggestion, for reference only (strictly set defensive measures) Around 88300 for Bitcoin, buy on dips at 89300, target 86800, 85000$BTC
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1.26 Monday Intraday Bitcoin Analysis
The four-hour timeframe shows that the price has already broken through the MA144 and MA169 medium to long-term moving averages. The moving average system is turning downward, forming resistance. The MACD indicator remains in the negative zone with continued green bars. The KDJ lines are at low levels and have not yet shown effective stabilization signals. The price is likely to continue downward. Attention should be paid to the validity of the 86000 support level; a break below could lead to further decline towards the 84000 level.
Personal suggestion, for reference only (strictly set defensive measures)
Around 88300 for Bitcoin, buy on dips at 89300, target 86800, 85000$BTC