Bitcoin BTC/USDT Current Trend Analysis
1. Trend Review:
• BTC has recently faced significant pressure around 108,000 USDT, followed by a gradual decline.
• The current price hovers around 102,300 USDT, showing signs of stabilization, but a clear rebound trend has not yet emerged.
2. Support and Resistance Levels:
• Short-term support level: 98,800 USDT (previous low, if broken may further decline).
• Strong support level: 95,200 USDT (long-term moving average support area).
• Short-term resistance level: 103,800 USDT (hourly MA25 resistance).
• Strong resistance level: 108,000 USDT (recent high and 4-hour MA99 resistance).
3. Technical Indicators:
• Moving Averages (MA): Short-term moving averages (MA7, MA25) have formed a death cross, indicating a short-term bearish trend, but the price remains above MA99, suggesting a healthy medium-term trend.
• MACD: The 4-hour and 1-hour MACD have slightly narrowed at low levels, indicating a potential for a rebound.
• Volume (VOL): Recent pullbacks accompanied by a decrease in trading volume suggest that selling pressure in the market has weakened.
Potential Impact of U.S. Stocks on BTC
If the U.S. stock market rebounds tonight, market risk aversion may ease, and BTC is likely to test 103,800 USDT and above. However, if the U.S. stocks continue to weaken, it could further drag down BTC, and the price may test 98,800 USDT.
Trading Suggestions
1. Bullish Strategy:
• Buying points: 98,800-99,000 USDT range, consider building positions in batches.
• Stop-loss point: Below 98,500 USDT, strict stop-loss is required.
• Target point: Short-term target at 103,800 USDT, further target at 108,000 USDT.
2. Bearish Strategy:
• Short points: 103,800 USDT (short-term resistance), consider exploratory short positions.
• Stop-loss point: Above 104,500 USDT.
• Target point: 100,000 USDT, if broken, look at 98,800 USDT.
3. Intraday Strategy:
• High sell and low buy in the range of 102,000-103,000 USDT.
• If the U.S. stock market shows a clear direction tonight, strategy can be adjusted accordingly.
Risk Warning
• U.S. stock volatility may exacerbate market uncertainty, making BTC susceptible to overall market sentiment.
• Short-term trading requires strict stop-loss to prevent rapid reversal fluctuations.
Please adjust strategies based on actual market conditions and risk tolerance.
$BTC #内容挖矿