BTC has completed a 34-day cycle from the position of 80600 to today, making today an important market turning point.
The current price is repeatedly testing the fluctuation range between 91200-90700 and 84200-84500, without forming a clear directional breakout. However, the 4-hour level has begun to construct the prototype of an upward channel, which is a good signal. From the perspective of technical indicators, the 4-hour KDJ has formed a golden cross with a divergence feature, and the support level of the channel's lower edge has basically been confirmed. If the subsequent development follows the upward channel trend, the key resistance that needs to be broken first is in the range of 90700-91200.
From the current rhythm, it is recommended to participate with a low-long strategy and wait for confirmation signals of a breakthrough resistance. In the short term, this market turning point is very critical, and it is necessary to closely monitor the interaction confirmation of the 4-hour and daily charts.
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ImpermanentPhobia
· 23h ago
The 34-day cycle is interesting, but I still think the 4-hour golden cross signal is more reliable... Whether 90700 breaks or not is the real key.
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ShibaSunglasses
· 12-24 01:57
The 34-day cycle has arrived, let's see if it can break 9.12. If it breaks, it'll be great, if not, we'll just continue to consolidate.
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BearMarketMonk
· 12-24 01:43
34-day cycle...sounds quite metaphysical. Anyway, I've been watching for so many years, and every time they mention "market turning point," the market tends to go in the opposite direction.
BTC has completed a 34-day cycle from the position of 80600 to today, making today an important market turning point.
The current price is repeatedly testing the fluctuation range between 91200-90700 and 84200-84500, without forming a clear directional breakout. However, the 4-hour level has begun to construct the prototype of an upward channel, which is a good signal. From the perspective of technical indicators, the 4-hour KDJ has formed a golden cross with a divergence feature, and the support level of the channel's lower edge has basically been confirmed. If the subsequent development follows the upward channel trend, the key resistance that needs to be broken first is in the range of 90700-91200.
From the current rhythm, it is recommended to participate with a low-long strategy and wait for confirmation signals of a breakthrough resistance. In the short term, this market turning point is very critical, and it is necessary to closely monitor the interaction confirmation of the 4-hour and daily charts.