On the hourly chart, the price is declining as expected, stabilizing around 65,000. However, there is clear selling pressure at 66,000. Technical indicators show MACD converging, Bollinger Bands narrowing, and KDJ in oversold territory with a dead cross. The weekend market is not expected to be very active, so short-term trading is possible.
Personal advice, for reference only (strictly set stop-loss) Bitcoin can be traded around 66,000-67,000, with targets of 64,000-63,000.
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.
Saturday, 2.28, Midday Bitcoin Silk Road
On the hourly chart, the price is declining as expected, stabilizing around 65,000. However, there is clear selling pressure at 66,000. Technical indicators show MACD converging, Bollinger Bands narrowing, and KDJ in oversold territory with a dead cross. The weekend market is not expected to be very active, so short-term trading is possible.
Personal advice, for reference only (strictly set stop-loss)
Bitcoin can be traded around 66,000-67,000, with targets of 64,000-63,000.