Analysis of BTC's daily chart, with the current price at 100,914.33 USDT. Combining technical indicators and candlestick trends, I will conduct a detailed analysis from the aspects of trend, moving averages, trading volume, etc.:
1. Moving Average (EMA) Analysis:
• EMA(7): 98,952.74
• EMA(25): 97,475.13
• EMA(99): 87,315.25
The moving averages display a bullish arrangement, with the short-term EMA(7) having crossed above the medium-term EMA(25), and being far above the long-term EMA(99). This is a typical bullish trend signal, indicating that bullish forces are dominant. The current price is well above all key moving averages, indicating that the market is in a strong state, but there may be some pullback in the short term.
2. Support and Resistance Levels:
• Recent support level: 97,028 USDT (near EMA(25))
• Strong support level: 90,500 USDT (where the previous B point signal appeared)
• Recent resistance level: 102,724 USDT (24-hour high)
From the chart, there is significant resistance near the price of 108,353 USDT, which has not been effectively broken. The current pullback may be a short-term adjustment after being blocked, but as long as it does not fall below the key support levels (EMA(25) and EMA(99)), the overall trend remains bullish.
3. Volume Analysis:
The overall trading volume shows a shrinking trend, indicating that the market may currently be in a wait-and-see state, lacking momentum for a breakthrough in the short term. However, if there is a volume increase after a low-volume pullback, it can confirm a new round of upward trend.
4. Indicator Analysis (MACD, RSI, etc.):
Although the MACD and RSI indicators are not fully displayed in the chart, based on the current price structure and moving average situation, it is expected that the MACD has formed a golden cross, indicating that the market has entered a bullish trend. The RSI may be close to the overbought area, and caution is needed for pullback pressure in the short term.
5. Summary and Future Trend Prediction:
Short-term Trend (1-3 days):
• It is expected that the price will fluctuate and consolidate in the range of 97,000-102,000 USDT, waiting for a new market direction.
• If the price can effectively break through 102,724 USDT, it may challenge the previous high of 108,353 USDT again.
Medium-term Trend (1-2 weeks):
• As long as the price does not fall below the support of EMA(25) or 97,000 USDT, the overall trend remains upward.
• If trading volume expands and breaks through the previous high, the target price could be seen at 110,000 USDT and above.
Risk Warning:
• In the short term, be cautious of the risk of a pullback below 97,000 USDT. If it falls below this level, it may test the strong support level of 90,500 USDT.
• If trading volume continues to shrink, the upward momentum may be insufficient, suggesting attention to market dynamics and macro news related to Bitcoin.
Operational Suggestions (not investment advice):
• Short-term investors: Can accumulate positions near 97,000-98,000 USDT, with stop-loss set below 96,000 USDT.
• Medium to long-term investors: The current pullback is a good opportunity to increase positions. As long as the price does not fall below EMA(99), continue to hold bullish.
