#BTC走勢分析

On the morning of the 12th, Bitcoin showed a volatile upward trend, rising to around 96,000 before entering a consolidation phase.

Currently, the MACD indicator on the four-hour chart is in the negative zone. At the same time, both the DIF line and the DEA line are extending downwards, suggesting that the bearish forces dominate intraday.

The daily MACD also signals a pullback, with the RSI indicator on the four-hour chart approaching the midpoint level. The EMA short-term trend is weak; however, from a long-term perspective, a bullish outlook remains.

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Support levels:

95,000 is the nearest whole number support level to the current price and provides some support;

94,000 is closer to the EMA, which can enhance the strength and effectiveness of the support.

Resistance levels:

97,500 is close to the current market support level, creating upward pressure;

98,500, once broken, will further test higher resistance areas.

Bullish defense level is set at 93,000; this position is extremely critical, and it is important to avoid the price falling below significant moving average support, or else the bullish situation will be concerning;

The bearish defense level is at 99,000, primarily to prevent a pullback after a false breakout; if the price breaks this level and stabilizes, the bearish pattern may change.