8H cycle signal: BTC retraces to MA20 moving average, MACD divergence in effect
Under the 8-hour custom cycle, BTC is retraceing its MA20 moving average and MACD has formed a top divergence. It is recommended to pay attention to the range of 64190~64745 (MA20+double bottom neck line): If the closing price falls below, BTC may drop to 63520~63120 (MA40+chip peak) If the closing is stable, or sprint to 66500 (chip peak pressure) Editor's reminder: Pay close attention to the closing of the 8H cycle and the support of the MA20 moving average. BTC has repeatedly retraced the moving average this month, but has not fallen below it, and has shown a rebound of over 5% each time. Custom cycle+moving average usage: unable to break the moving average when probing upwards, falling back; Unable to break through the moving average, rebound. Open PRO membership to experience the same moving average strategy. Data for reference only
