Judging from the BTC K-line chart (1 hour and 4 hours), the current BTC price has entered a period of shock consolidation after a strong rebound, and key technical indicators show certain correction signals.
We combine the current K-line pattern, moving average system and Bollinger Bands analysis:
Moving average system (MA5, MA10, MA30): Currently, MA5 and MA10 show a good upward trend, and MA30 lags slightly, but still follows the main trend upward. This shows that the short-term trend is still biased towards bulls, but the momentum is weakening, and it may enter a sideways or short-term adjustment state.
Bollinger Bands: After the price touched the upper band, it gradually fell back, indicating that the pressure from above is relatively large. Currently, the price fluctuates between the upper and middle bands of the Bollinger Bands. The middle band (around 67,500) is an important support. If this position falls below, further correction may occur.
Trading volume: The trading volume has slowed down, indicating that the long and short sides have temporarily entered the game stage. The bullish momentum is not enough to push the price to continue to rise, but the support below is strong, and the probability of a sharp decline in the short term is low.
Operation direction prediction
According to the chart analysis and yesterday's trend, today's price may fluctuate between 67500 and 68400. If the price falls back to the 67500-67000 area, you can consider entering the market with a light position and going long, with the target at 68400 and the second target at 69000. If it falls below 67000, you should consider stop loss and wait and see whether there is a further correction.
If the price breaks through 68,400 and the trading volume increases, you can consider adding positions and look towards 69,000. On the contrary, if it cannot break through effectively, it is recommended to take profit on part of the position near 68,400 and wait for the price to pull back before looking for new entry opportunities.
Today's trend forecast
Overall, BTC is currently in the consolidation stage after a strong rebound, with bulls in the lead but the upward momentum weakened. It is expected that there will be a high probability of fluctuations in the range of 67500 to 68400 today. If it breaks through 68400, it may further test the 69000 area. If it falls below 67000, it may test the support of 66188 area in the short term.
Summarize
Operation direction: It is recommended to buy on dips, focus on the 67500 support, and target the 68400-69000 range.
Risk control: The stop loss is set at 67,000. Once it falls below this point, short-term risks need to be avoided and wait for a better entry opportunity.
This forecast combines current technical analysis to give short-term operation directions, and recommends light-position operations and flexible response to market fluctuations.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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