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Friday's Latest Bitcoin and Altcoin Strategy
Yesterday, we reached around 89,000 but faced resistance, then after a rebound, it turned sideways. The overall space exceeded 4,500 points, making it the largest daily range this week. Today, Friday, I remind friends to stay vigilant! Hope everyone can turn the tide! If you encounter difficulties, feel free to contact me anytime!
Currently, the market is generally strong and consolidating. The 4-hour candlestick chart shows consecutive bullish candles, firmly holding above the middle band of the Bollinger Bands, which is a key support level. The buying power is currently accumulating. If this support area can be maintained, we may see a volume-driven upward push. If the levels at 88,000 and 90,000 stabilize, a push towards higher ranges could occur.
The 1-hour candlestick chart shows small bullish candles climbing steadily; the overall upward rhythm is stable. The MACD indicator remains in a golden cross, with increasing momentum bars. The moving averages are arranged in a bullish pattern and diverging upward, further signaling short-term strength. Our overall approach remains low buy, watch for resistance at high levels, and adjust as needed!
Key levels for Bitcoin:
Above 88,000, 90,000; below 87,000, 85,000;
Key levels for Altcoin:
Above 3,000, 3,100; below 2,800, 2,700.
Personal opinion, for entertainment only, not investment advice!