Thursday, 2.12 Intraday Analysis



The four-hour price level has sharply retreated from the previous high point. Although it received brief support around 59,800, it is still operating below the long-term moving averages MA144 and MA169, indicating that the medium-term downtrend remains unchanged. The MACD indicator's DIF and DEA lines have formed a death cross below the zero axis. While the green bars have shortened, the bearish dominance pattern remains. The low-level golden cross of the KDJ indicator is only a technical rebound, and its sustainability is questionable. Resistance in the 70,000-72,000 range is significant. If the support at 65,000 is broken, further decline may occur.

Personal advice, for reference only (strictly set stop-loss)
Bitcoin around 67,900, see a rebound at 68,800, target 66,500, 65,000
Altcoin around 1,995, see a rebound at 2,060, target 1,930, 1,800$BTC $ETH
BTC1,45%
ETH1,96%
View Original
post-image
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)