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Wednesday Night Bitcoin and Altcoin Strategy
On the daily chart, Bitcoin continues to trade below the MA5 and MA10 moving averages, with the moving average system forming a clear death cross, suppressing upward movement. The rebound space is firmly locked, and the Bollinger Bands are opening downward, with prices weakly moving near the lower band.
On the four-hour chart, the previous upward trend line has been effectively broken, and has not been regained, establishing a short-term bearish pattern. The MACD indicator remains in a death cross state. Although the green bars have slightly contracted, no clear reversal signal has appeared. The RSI indicator hovers below 40, in a weak zone without forming oversold rebound momentum.
On the hourly chart, a "rebound-fall" weak cycle is evident. Each time it approaches around 87,000, it encounters significant selling pressure. The candlestick repeatedly tests the lower support, with a complete downward structure and strong momentum continuation. The current key resistance focuses on the 87,500-88,000 range. Support levels below are sequentially 86,000 for short-term defense and 85,000 as core support. A break below could further target the previous low at 83,800.
Evening Trading Strategy
Bitcoin rebounds to the 87,200-88,000 range,
Targeting a drop below 86,000 to 83,800
Altcoins rebound to the 2,950-2,970 range,
Targeting a drop below 2,820
If Bitcoin breaks through the 88,000 key resistance, the direction can be adjusted promptly.
Personal advice for reference only, not investment or financial recommendations.