BTC Morning Market Analysis:
From yesterday's overall trend, the market showed a range-bound fluctuation, and the movement was quite typical. BTC first declined to around 93600, then surged during the US trading session, recovering some of the losses, ultimately forming a complete fluctuation pattern. Currently, on the 4-hour chart, the K-line has rebounded after reaching a low and returned to the midpoint of the fluctuation range—around 96000—continuing to maintain a consolidating trend. This indicates that in the short term, market forces are unlikely to break the existing fluctuation pattern, with a relatively balanced bullish and bearish force, making it highly probable that fluctuations will remain within the current range, and significant one-sided fluctuations are difficult to occur.
MACD Indicator Analysis
Currently, the MACD bearish energy bars are gradually decreasing, which usually indicates that the bearish force is weakening. However, a decrease in volume does not mean that the bearish force has completely disappeared, and it cannot be confirmed that the market will immediately turn bullish. A decrease in volume more indicates insufficient downward momentum in the short term. Therefore, it is expected that the market will continue to consolidate during the daytime. If the bearish energy bars continue to decrease until they disappear, and bullish energy bars start to expand, it may indicate that the market could break out of the current fluctuation range and move upwards.
Operational Suggestions
It is recommended to look for long opportunities when BTC pulls back to the 95000-94500 range, and consider shorting when it rebounds to the 97000-97500 range.
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