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BTC's movement has weakened significantly, hovering around 87400 in a lifeless manner, being far left behind by Ethereum.


After reviewing yesterday's early positioning of long positions on Monday, BTC successfully captured a space of 5500 points. Last night, the momentum of BTC was weaker than that of Ether, which is largely related to the outflow of institutional funds.
From the daily chart, the price is entangled around the middle band of the Bollinger Bands at 86800, the MACD has a golden cross but the momentum is weak. The RSI at 56 is still considered healthy, but a large outflow of funds totaling 354 million indicates that big capital is not optimistic. From the four-hour chart, the Bollinger Bands are starting to narrow, with the price oscillating near the middle band, a typical consolidation pattern. The upper band pressure at 88700 is significant, making it difficult for short-term performance to improve.
Operation Suggestions:
Enter when breaking 88500-89000, target: 89500-90000, if broken look at 90500-91000#比特币行情观察
BTC6.85%
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