Analysis of Bitcoin over the Weekend on 12.27 Saturday and Sunday
The four-hour timeframe shows that the price continues to face resistance below the MA144 and MA169, which are the medium- and long-term moving averages, forming a strong resistance zone. The rebound attempts have repeatedly been blocked and pushed back down. The bears have no resistance, and the MACD indicator's DIF and DEA remain in the negative zone. Although the green bars have slightly narrowed, the downward trend remains unchanged. The current short-term support at 86,619 is becoming increasingly fragile. Once this level is broken, the price may continue to decline and test the previous low around 84,000.
Personal advice, for reference only (strictly set stop-loss) Bitcoin around 87,800, see a rebound at 88,500, target 86,500, 85,000
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis of Bitcoin over the Weekend on 12.27 Saturday and Sunday
The four-hour timeframe shows that the price continues to face resistance below the MA144 and MA169, which are the medium- and long-term moving averages, forming a strong resistance zone. The rebound attempts have repeatedly been blocked and pushed back down. The bears have no resistance, and the MACD indicator's DIF and DEA remain in the negative zone. Although the green bars have slightly narrowed, the downward trend remains unchanged. The current short-term support at 86,619 is becoming increasingly fragile. Once this level is broken, the price may continue to decline and test the previous low around 84,000.
Personal advice, for reference only (strictly set stop-loss)
Bitcoin around 87,800, see a rebound at 88,500, target 86,500, 85,000