The daily EMA moving average system for Bitcoin is in a bearish alignment, with the MACD green bars continuously expanding, and the KDJ maintaining a death cross downward trend. The technical pattern fully aligns with the C-wave decline logic. During the day, it briefly broke below 86,000 to a two-week low. Although there was slight support in the 85,000-85,226 range (Fibonacci retracement level + early morning low), the bulls' rebound strength remains weak.
Regarding support and resistance, the immediate short-term support focuses on 85,000. Losing this level could open the downside space to 82,000-83,200. Short-term resistance is at 88,000.
Trading directions: Bitcoin rebounding to the 87,000-87,500 range, targeting 85,500, with a downside view to 84,000. Altcoin rebounding to the 2,950-2,980 range, targeting 2,900, with a downside view to 2,850.
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Tuesday Night Bitcoin and Altcoin Strategy
The daily EMA moving average system for Bitcoin is in a bearish alignment, with the MACD green bars continuously expanding, and the KDJ maintaining a death cross downward trend. The technical pattern fully aligns with the C-wave decline logic. During the day, it briefly broke below 86,000 to a two-week low. Although there was slight support in the 85,000-85,226 range (Fibonacci retracement level + early morning low), the bulls' rebound strength remains weak.
Regarding support and resistance, the immediate short-term support focuses on 85,000. Losing this level could open the downside space to 82,000-83,200.
Short-term resistance is at 88,000.
Trading directions:
Bitcoin rebounding to the 87,000-87,500 range, targeting 85,500, with a downside view to 84,000.
Altcoin rebounding to the 2,950-2,980 range, targeting 2,900, with a downside view to 2,850.