1. Daily analysis: Bullish trend, approaching key resistance level
From the daily chart, the current price of Bitcoin is $68,344, and the overall trend shows a bullish trend. The recent price has continuously broken through the MA5, MA10 and MA30 moving averages, showing obvious bullish power. The MA60 moving average provides strong support near $63,000, forming a stable upward trend. Bitcoin's short-term target is the psychological barrier of $70,000, which will become a key resistance level that determines the future trend.
The MACD indicator shows that the DIF line continues to rise and the MACD column grows, indicating that the current market bullish force is steadily increasing. In addition, the trading volume has increased, and the market sentiment is clearly bullish.
Daily operation suggestions:
If the price effectively breaks through $68,500, it is recommended to go long with a light position, targeting the $70,000 mark, and set the stop loss below $67,000.
If the price fails to break through USD 70,000, it is recommended to lighten positions appropriately at high levels and wait for another opportunity to enter the market after adjustments.
2. Four-hour line analysis: short-term bullish momentum is strong and there is ample room for growth
From the four-hour chart, Bitcoin is currently consolidating around $68,000, and the price continues to fluctuate upward after breaking through short-term resistance. MA5 and MA10 moving averages remain upward, and MA30 moving average forms strong support around $67,000. In the short term, Bitcoin is expected to continue to hit $70,000.
On the MACD indicator, the DIF line and the DEA line maintain a golden cross state, and the red kinetic energy column continues to grow, indicating that the market sentiment is positive in the short term and the bullish force is sufficient. In the short term, as long as Bitcoin can stay above $67,500, there is still a lot of room for growth in the future.
Four-hour operation suggestions:
Long positions can continue to be held above $68,000, with the target looking towards the $69,500 to $70,000 range, and the stop loss set at $67,500.
If the price falls below $67,500, you may consider reducing your position or waiting and waiting for the market to stabilize again before entering the market.
3. One-hour line analysis: short-term consolidation and accumulation of momentum, fierce competition between long and short positions
From the one-hour chart, Bitcoin is fluctuating in a narrow range between $68,000 and $69,000. MA5 and MA10 moving averages are still trending upward, but the upward price is suppressed by the $69,000 resistance. In the short term, the game between long and short is fierce.
The MACD indicator shows that the red momentum column has shrunk and the DIF line has shown signs of flattening, indicating that the bullish momentum has slowed down in the short term. It is necessary to pay attention to whether the resistance level of $69,000 can be effectively broken through.
One-hour operation suggestions:
If Bitcoin can effectively break through $69,000, you can follow the trend, with the short-term target at $70,000 and the stop loss set below $68,000.
If the price fails to break through $69,000, it is recommended to lighten positions appropriately at high levels and wait and see the market trend.
4. Strategy summary: Bitcoin has a strong short-term upward trend, pay attention to the key resistance of $70,000
From a comprehensive analysis, Bitcoin's overall upward trend today is relatively clear, and the short-term target is the key resistance level of $70,000. Both the daily and four-hour lines show that bulls are dominant, but there is a large selling pressure near $70,000. In the short term, we need to pay attention to whether the market can effectively break through. In terms of operation, it is recommended to follow up with long orders with a light position, keep a close eye on the support level of $67,500 and the resistance level of $69,000, and carefully grasp the market rhythm.
