BingX’s Bitcoin Chart
Currently, BTC appears to be in a divergence state, with its potential rebound being observed to see if it can reach the $30,000 resistance level. The overall market has shown a downward trend, with short-term expectations focused on whether BTC can sustain support near $28,000. Should it move lower, the second support level is around the...
BingX’s Bitcoin Chart
Currently, BTC is maintaining a range between $29,500 and $30,500, showing low volatility oscillation patterns. The price movement often follows a bearish trend, with minor dips followed by significant bullish candles. Short-term trends are facing resistance around the midline, and the MACD indicator continues to show signs of downward...
BingX’s Bitcoin Chart
BTC's current trend shows no significant change from yesterday, maintaining a low trading volume. While there is initial support at $29,000, there remains a possibility of further testing the support around $28,500. The price movement is delicate, requiring close monitoring.
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BTC has been fluctuating around the $30,000 level recently, indicating strong support below. Presently, BTC remains below the midline area, with substantial support seen near $29,500. The current market exhibits a consolidation pattern with lower levels of volatility. We should monitor the first support level at $29,500 and the resistance around $30,500 for...
BTC reached a new high of $31,800, raising questions about whether it was a genuine breakthrough or a false breakout. Looking at the market, the Bollinger Bands tightened around the midline for about a week before expanding upwards, indicating potential upward momentum. The MACD histogram decreased in length below the zero line, while the KDJ indicator showed a...
Based on the current CPI data, the overall market appears to be in a period of consolidation. BTC's daily chart has been oscillating at high levels for 21 days, with the past week witnessing fluctuations around the MA20. The BOLL is narrowing, indicating an impending direction. On the 4-hour timeframe, BTC has formed a box pattern while being confined within a...
On the daily timeframe, BTC's Bollinger Bands are narrowing, with the moving averages hovering around the midline, indicating a potential turning point not far away. Additionally, the consolidation period for BTC has been relatively long. Looking at the 4-hour chart, BTC is currently in a range-bound consolidation phase. However, if it manages to break above...
After last week's weekly candlestick closure, the situation for BTC was not as negative as previously anticipated. The overall market is still within a short-term range-bound consolidation phase. Looking at the current daily chart, a clear signal for a trend reversal is expected this week. Considering both data and technical analysis, the short-term strong support...
Based on the 4-hour chart, Bitcoin is expected to continue oscillating within the range of $30,000 to $31,000. Without a significant breakthrough, there is no clear one-sided momentum. Currently, BTC's Bollinger Bands show a contracting pattern, with the candlesticks finding support at the lower band and rebounding towards the midline resistance, without a clear...
The weekly chart of BTC shows a key support-resistance level around $29,500. Although there was a brief dip below it yesterday, the price quickly recovered, indicating a prevailing bullish sentiment. In the short term, as long as BTC remains above $29,500, there are no significant concerns. Even if a breach occurs, the nature of the candlestick close becomes...
Bitcoin recently surged to over $31,400, registering a year-to-date gain of over 80%. Other cryptocurrencies followed suit, highlighting the resilience of the crypto market. However, Bitcoin subsequently retraced below the initial support level of $30,250, which warrants careful attention as a critical support. Following the upward movement, Bitcoin's momentum...
Following a double bottom retest, BTC has been exhibiting a standard trend structure. It experienced a bottom reversal, breaking above the neckline and retracing within a converging triangle. The latest breakout indicates an upward movement, with resistance near $27,000 and the price hovering around $26,000. Currently, the formation suggests a converging triangle...
Yesterday's significant volume-driven rally has potentially reversed BTC's downtrend in the short term. From a 4-hour chart perspective, BTC exhibited a clear range-bound structure within the downward segment, likely concluding the expected upward move on the 4-hour timeframe. BTC has reached the anticipated level around $25,500, and it remains to be seen if it...
BTC remained unaffected by the absence of interest rate hikes as market panic led to a temporary dip below the $25,000 support level. However, BTC is currently holding below the upward trendline on the daily chart. In the event of a reversal and upward movement, BTC faces resistance near $27,000. Short-term analysis hinges on whether BTC can break through the...
Bitcoin witnessed a spike in price above $26,400 yesterday following the release of CPI data. However, it failed to sustain the upward momentum and quickly retraced to around $25,600. As the market absorbed the positive news, BTC has found stability near $25,800 with minor fluctuations. The price has been oscillating between $25,600 and $26,000, showing a slight...
After stabilizing above $25,000, BTC failed to hold above the BOLL midline, experiencing consecutive piercing and subsequent inability to sustain the position. Currently, the market is under pressure below the midline, with the KDJ indicator showing a bearish crossover as the three lines turn downwards. The MACD indicator displays decreasing red solid bars. In the...
On the 4-hour chart, BTC has entered a narrow range consolidation phase, with the current price holding above $25,000, indicating a phase of accumulation. The MACD indicator shows consecutive shrinking hollow bars, suggesting decreased selling pressure in the short term. Looking at the daily chart, the KDJ indicator displays a bearish crossover and is trending...
BTC experienced a brief recovery above $27,000 yesterday, but later fell below this key level once again. Currently, BTC's price lacks significant sustained momentum, primarily due to the lack of on-chain funding to drive market growth. The focus now is on whether BTC will revisit the range near $25,000-$25,500 after falling below $27,000. The $25,000 support...
