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Recently, the Bitcoin market has shown some interesting changes in technical indicators. From the hourly chart perspective, the MACD indicator has formed a golden cross pattern below the zero line, which is a signal worth following. The continuous narrowing of the green energy bars suggests that market momentum may be about to shift.
At the same time, the KDJ technical indicator has formed a golden cross pattern at a low level and is beginning to diverge upwards, which further confirms that rebound momentum is accumulating in the short term. The resonance of these two indicators provides some positive clues for the short-term market direction.
Based on the current technical analysis, investors may consider looking for entry opportunities in the range of 112300 to 112800. If the market develops as expected, it may advance towards the 116000 to 118000 area.
However, it is important to note that the cryptocurrency market is highly volatile, and investors should act with caution and implement risk management. Technical analysis is for reference only and should not be viewed as definitive trading instructions. Before making any investment decisions, it is recommended to consider fundamentals and the broader market conditions comprehensively.
Closely following market dynamics and adjusting strategies in a timely manner will be a wise move to cope with the current market environment. Whether experienced traders or novice investors, everyone should remain vigilant, continuously learn, and adapt to this rapidly changing market.