Follow up on the trend analysis of $BTC :
The fast line of the daily MACD is still below the slow line, but the histogram has turned red, indicating that the downward momentum has indeed weakened, and it may be brewing a reversal.
The KDJ indicator has formed a golden cross at a low level, and market sentiment is slowly recovering.
The J value of the KDJ at the 4-hour level has surged above 80, indicating it may be a bit overheated in the short term and could pull back at any time.
The long and short forces are rebalancing.
Upper resistance: 72000-73000
Lower support: 69500-68500
From the current trend, it might be a good idea to enter a long position at the lower level and then open a short when it rebounds!
Prepare to enter a long position in the range of 69600-69200 to catch a rebound! Set the lower defensive position around 68800. Always be ready to adjust strategies based on market trends!
