From the BTC 4-hour K-line in the figure
After receiving strong support at the 52510.8 line, the price has experienced a clear upward trend. The current price is at 65995.1, close to the recent high of 66450.0, showing a relatively strong upward momentum.
Yesterday, the BTC price fell after hitting a high of $66,450, but it still remained above $65,000. In the short term, BTC's bullish sentiment is still relatively strong, but the pressure at high levels cannot be ignored. Today, BTC is expected to face a certain correction, and pay attention to the effectiveness of the support of $65,000. If it can stabilize, BTC will continue to challenge the resistance of $66,450.
Moving average analysis:
EMA7: $63083.6, EMA30: $61889.8, MA5: $63060.8, MA10: $63128.3, MA30: $61606.9: The short-term moving averages are in a bullish arrangement, and the price is much higher than the short-term moving averages, indicating that the market is in a strong bullish trend, but there is a risk of a pullback in the high area.
Both MA5 and EMA7 are moving upward, and prices still have the potential to rise in the short term, especially when the short-term support level is solid.
Bollinger Bands:
The price is close to the upper Bollinger Band, indicating that the market is overbought and there may be some pullback pressure in the short term. The Bollinger Band channel has a slight expansion trend, indicating that volatility will increase.
MACD：
The MACD fast and slow lines are still running above the zero axis, indicating that the bullish momentum is still strong. However, the MACD column has begun to shrink, indicating that the upward momentum may weaken in the short term.
RSI：
The RSI indicator is close to the overbought zone and is currently around 70, indicating that market sentiment is relatively positive, but there may be a small correction in the short term.
2. Support and resistance levels
The first support level: $65,000: This is a key short-term support area. If the price correction does not fall below this position, the market is expected to continue to hit higher points.
The second support level: $64,100: a stronger support area. If the price falls below this point, it will enter a trend of further adjustment.
Resistance level: $66,450: This is the current high point and also the key position that bulls must break through in the short term. If this position is broken, it is expected to continue to rise to the $67,000-67,500 range.
3. Operation strategy
It is recommended to step back$65,000Enter the market in batches nearby, the target price is$66,500, the stop loss is set at$64,100。
BTC is still in a strong upward channel, but the risk of a high-level correction is gradually increasing. The short-term support of $65,000 will be a key position. If it can stabilize, the price is expected to hit $66,450 again, or even further test $67,000. In terms of operation, it is recommended to buy low, avoid chasing highs, and control positions and risks.
Today's direction: Oscillating and consolidating, pay attention to the support of $65,000, mainly buy low, and be cautious in chasing highs.
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