BTC technical analysis and operation strategy optimization
K-line pattern analysis
From the chart, we can see that the BTC price has fallen back after a wave of rapid rise. The K-line formed a relatively obvious top pattern at the high point of 63849.0 USDT, and the current price is around 63037.0 USDT.
In this case, a high-level consolidation platform may be formed, and the price may fluctuate between 62,000 USDT and 64,000 USDT in the short term.
Moving average analysis
Short-term moving average (5-day moving average): The price is running above the 5-day moving average (61722.8 USDT), but the short-term moving average has begun to flatten, indicating that there may be a need for consolidation in the short term.
Medium-term moving average (10-day moving average): The 10-day moving average (61674.0 USDT) also flattened, and the medium-term trend showed signs of volatility.
Long-term moving average (30-day moving average): The 30-day moving average (61327.3 USDT) continues to rise, indicating that the long-term trend is still bullish.
Support and Resistance
Resistance level: 63849.0 USDT is the main resistance level. If it breaks through this level, it will attract more buying and the price is expected to continue to rise.
Support level: 62000 USDT and 61000 USDT are important support levels. If the price can get support in this area, the upward trend will be maintained.
Volume Analysis
During the rise, the trading volume increased significantly, indicating that the market buying power was strong. Currently, the trading volume has decreased during the correction, and the market is waiting for a new direction.
MACD indicator
The MACD fast and slow lines are about to form a death cross at a high level, indicating that there may be an adjustment in the short term. However, if the fast line turns upward above the zero axis and forms a golden cross again, it will be a signal to re-enter the market.
RSI indicator
The RSI indicator is close to the overbought area and has currently fallen back to around 70, indicating that there is a need for adjustment in the short term, but the overall strong pattern has not changed.
Future Trends Prediction
In the short term
Oscillating Consolidation: The price may fluctuate between 62,000 USDT and 64,000 USDT to digest the previous profit-taking and find a new direction.
Upside potential: If the price stabilizes above 62,000 USDT and the trading volume increases, it is expected to rise to 63,849.0 USDT or even higher.
Medium to long term
Trend remains: The price remains above the 10-day and 30-day moving averages, and the overall upward trend remains unchanged. In the next few weeks, the price is expected to challenge the previous high of 63849.0 USDT, or even break a new high.
Operational Strategy
Buying strategy
Buy on dips: When the price pulls back to the 5-day moving average (61722.8 USDT) or the 10-day moving average (61674.0 USDT) and gets support, you can buy on dips.
Breakout Buy: When the price breaks through 63849.0 USDT and the trading volume increases, you can buy according to the trend.
Build positions in batches: Build positions in batches at the two support levels of 62,000 USDT and 61,000 USDT to control the overall position risk.
Selling strategy
