BTC
Bitcoin's recent trend has attracted much attention, with daily charts showing its price fluctuations between 90,000 and 97,000. After receiving support at the EMA12 trend support level of 93,500 twice, it has begun to stretch. In terms of technical indicators, the MACD shows a decreasing volume downtrend, with the DIF and DEA at high levels and in a bearish direction. The Bollinger Bands are gradually narrowing, with the upper resistance level reaching 103,000 and the middle support at 91,300. The large-scale range is nearly 10,000 points, and the KDJ has begun to contract after encountering resistance on the downward spread. The overall trend is in a phase of top divergence contraction, and there is a high likelihood of a sharp spike in price. Given this, investors may consider setting short orders above 100,000. However, the current market sentiment remains predominantly bullish, so caution is advised when weighing long and short forces, and closely monitoring subsequent market changes.
The four-hour Bitcoin chart has returned to the high point of the EMA trend indicator at 98,000, with a defensive level set at 99,000. The MACD is currently increasing in volume, with a golden cross between the DIF and DEA. The upper resistance of the Bollinger Bands is at 99,000, and the KDJ is approaching overbought territory on the upward spread. In the absence of extreme market conditions, the bulls still dominate, so the trading strategy should be to buy on support dips, as the larger scale shows a bullish trend, and short-term positions can be taken based on support points.
