Bitcoin evening outlook: Currently, after the pullback, the downward momentum has significantly weakened. The candlestick shows a stabilization pattern, the MACD green bars are shortening, and the bearish momentum is nearing the end. The price has not broken below the previous low, indicating this is still a correction rather than a trend reversal. The probability of a rebound at the low levels is higher than that of further decline, so currently, going long is more reliable.
Enter long around 86,300 Targets: 87,200, 88,000, 88,500 Stop loss: 85,900 (Effective if it breaks below the lower band)
This is a technical correction after a decline, Not a bet on trend reversal, but a structural rebound. #btc
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Bitcoin evening outlook: Currently, after the pullback, the downward momentum has significantly weakened. The candlestick shows a stabilization pattern, the MACD green bars are shortening, and the bearish momentum is nearing the end. The price has not broken below the previous low, indicating this is still a correction rather than a trend reversal. The probability of a rebound at the low levels is higher than that of further decline, so currently, going long is more reliable.
Enter long around 86,300
Targets: 87,200, 88,000, 88,500
Stop loss: 85,900 (Effective if it breaks below the lower band)
This is a technical correction after a decline,
Not a bet on trend reversal, but a structural rebound. #btc