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Analyst: Expected Breakthrough Under Market Fluctuations

Analyst: Expected Breakthrough Under Market Fluctuations

Bitget2024/12/02 04:53

According to analyst Army Duck's statement on X, Bitcoin presented a small bearish candlestick with a long lower shadow this week, with trading volume one quarter less than the previous week. This indicates that despite significant selling pressure, buyers remain strong. The weekly MA30 line continues to rise and MACD shows increasing upward momentum. Bitcoin is expected to continue challenging the $100,000 mark but needs to be wary of pullback risks. Meanwhile, daily performance shows a small bullish candlestick indicating high-level consolidation.

The market focus may shift towards altcoins which could show strong increases during Bitcoin's fluctuation period. Daily level resistance lies between $98,800 and $126,000 while support ranges from $92,400 to $79,830. Short-term advice suggests buying at $96,070 and $94,770 and considering shorting at $98,400.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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