BTC has shown a stable bullish trend recently. Yesterday, BTC's peak reached 99100, and the current price is stable around 98750, forming a short-term oscillating pattern. The following is a technical analysis prediction of BTC's potential trend and operational suggestions for today.
Technical analysis
Trend analysis:
From the 4-hour chart, BTC is overall running above the MA5 and MA10 moving averages, forming a bullish arrangement structure, indicating strong upward momentum.
The MA30 moving average acts as solid medium-term support, with no obvious signs of short-term price pullbacks.
After yesterday's breakout, the pullback was small, indicating that market sentiment is optimistic.
Trading volume and momentum:
The trading volume has not significantly increased, indicating that we are still in a gradual exploratory upward stage, and there are no clear signals of significant capital exiting.
The RSI indicator is close to 70, indicating that it is approaching the overbought area, but there are no signs of divergence, suggesting there is still upward space in the short term.
Key level:
First support level: 97500 (near MA10)
Second support level: 96500 (short-term pullback low)
Resistance level: 99500-100000 (integer psychological barrier)
Today's prediction and operational suggestions
Short-term forecast direction: Oscillating upward. Today, BTC is likely to continue the oscillating upward trend, but may face some selling pressure near the 99500 area. Therefore, investors can adopt a batch operation strategy.
Specific operational suggestions:
Long strategy:
Entry position: 97500-97800 (build positions in batches when approaching MA10 or during short-term pullbacks)
Target position: First target 99500, second target 100000 (continue to follow after breaking)
Stop-loss position: 96500 (falling below this level indicates short-term bullish failure)
Short strategy (risk hedging):
Entry position: Enter short positions with light volume when encountering clear resistance at 99500-100000.
Target position: First target 97500, second target 96500.
Stop-loss position: 100200 (stop-loss and exit directly upon breaking the psychological barrier).
Judgment based on yesterday's trend
Yesterday's strong breakout did not fully open up space, but returned to the oscillation range, indicating that the market's long and short forces are still in a tug of war. Today, focus on the support at 97500 and the pressure at 99500; breaking either side will determine the short-term direction.
Summary explanation
BTC's current short-term sentiment is bullish, but the overall upward momentum is limited, so it is advisable to control positions to avoid chasing highs. The likely operating range is: 97500-99500. A reasonable strategy is to sell high and buy low during oscillation, maintain flexible operations, and focus on whether the bulls can break through the key psychological level of 100000.
Optimistic about BTC continuing to test the pressure zone during oscillation; if it breaks 100000, it may usher in further accelerated growth.
Core support level at 97500; a short-term drop below 96500 requires caution in being bearish.
Today's operation focuses on flexible responses, paying attention to trading volume and breakout direction.
The market is unpredictable, and opportunities are fleeting. Closely monitor every subtle change to seize your own opportunities, so you can remain undefeated in the market's ups and downs. Are you ready today? Let's look forward to the exciting performance of the market together!
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