The current Bitcoin price is fluctuating in the range of $114,600 to $116,500, showing a consolidation trend. In terms of technical indicators, the 4-hour MACD shows a dominant bearish strength but with signs of weakening. The EMA7 and EMA30 moving averages have formed a death cross and are moving downwards. Market sentiment is improving, with the fear and greed index rising by 10 points.
The market expects a probability of 87% for the Federal Reserve to lower interest rates in September, which provides macro-level support for Bitcoin.
In the afternoon, it is mainly low multi around 114700-114100 to go long directly, first looking at 115700 and then 117000. See if friends in the post have their own stop loss, as the market changes rapidly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC noon analysis!
The current Bitcoin price is fluctuating in the range of $114,600 to $116,500, showing a consolidation trend. In terms of technical indicators, the 4-hour MACD shows a dominant bearish strength but with signs of weakening. The EMA7 and EMA30 moving averages have formed a death cross and are moving downwards. Market sentiment is improving, with the fear and greed index rising by 10 points.
The market expects a probability of 87% for the Federal Reserve to lower interest rates in September, which provides macro-level support for Bitcoin.
In the afternoon, it is mainly low multi around 114700-114100 to go long directly, first looking at 115700 and then 117000. See if friends in the post have their own stop loss, as the market changes rapidly.