From the provided candlestick chart, BTC has recently experienced a significant downward trend and has formed a short-term consolidation near the 94,000-95,000 point range. These characteristics are reflected in the technical analysis across different periods.
Moving Average Analysis:
MA5 and MA10 moving averages show a downward divergence trend in the short term, indicating that bears still dominate the market.
MA30 is at a high position and has not shown reversal signs yet, with a long-term trend still leaning bearish.
BOLL Indicator:
The middle track of the Bollinger Bands is around 94,000, and the current price is near the lower track, suggesting a potential short-term oversold rebound demand.
The lower track of the Bollinger Bands currently provides support for the price, but the upper track pressure is significant, and a large range of fluctuations is expected.
KDJ Indicator:
KDJ has shown some stagnation at low levels, but no obvious golden cross signal has formed yet, indicating insufficient strength for a short-term rebound.
Volume Analysis:
Trading volume is gradually shrinking, indicating that the market is in a wait-and-see state, possibly awaiting a stronger directional choice.
Today's Strategy Direction: Fluctuating slightly bearish, with a focus on the support below and the strength of the rebound.
Key Point Settings:
First Support Level: 94,200 (Bollinger Bands middle track and short-term pressure zone)
Second Support Level: 95,000 (previous high point and psychological resistance)
Stop Loss Level: 93,000 (Bollinger Bands lower track and short-term support; if broken, it may trigger a new round of decline)
Rational Prediction:
If the price cannot stabilize above 94,200, it may continue to test support near 93,000.
If it breaks through 95,000 with increasing trading volume, it may test the area above 96,000.
