After the U.S. stock market opened in the evening, the price of Bitcoin continued to fall. From the perspective of technical indicators, the 4-hour Candlestick chart of Bitcoin shows a trend of price Fluctuation. The MACD histogram remains negative and is gradually increasing in length, indicating that the short positions in the market are relatively strong. However, the RSI value is greater than 70, showing that the market may be in an Overbought state, and the price may experience a rise followed by a fall. At the same time, the MA10 value is greater than the MA30 value, which to some extent indicates that the short-term trend still has some upward strength.

Currently, the price of Bitcoin has fallen and has broken below the lower band. However, if the support level below can provide effective support, then there is a basis for a rebound in price. Therefore, in the future market, it is advisable to pay attention to a rebound trend. It is recommended to go long when the price is around 120000-120500, with an initial target price of 122700. If the rebound momentum is strong, then the target can be further raised to 125000.

#BTC再创新高 #十月加密市场预测 #Gate热门新币推荐 #BTC