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Bitcoin Auntie's Evening Analysis and Trading Recommendations
Bitcoin shows a top divergence signal on the hourly chart, with resistance around 69,480 and a stagnation at high levels. The MACD histogram is extremely shortened, indicating a clear retracement need on the 1-hour timeframe. However, the 4-hour chart shows a strong upward trend, with a breakout of the large bullish candle, confirming a very stable trend. Nonetheless, in the short term, there is a need for correction due to excessive divergence.
Auntie's hourly chart shows high-level consolidation and fading momentum. After touching the upper band at 2179, it pulled back, with the MACD histogram shortening and a death cross on the KDJ indicating a short-term correction. But the 4-hour trend remains intact, still operating above the Bollinger Band upper band, with a bullish MA alignment. The overall upward trend remains unbroken.
Tonight's trading suggestions remain focused on buying on dips:
- Bitcoin around 69,000, targeting around 70,200
- Auntie around 2120, targeting around 2170