Hourly Level (1H) Analysis:
Current Form:
BTC is currently trading around 98000, with a high of 99588 last night, followed by a retreat, entering a sideways consolidation phase, and the short-term upward momentum has weakened.
EMA7 and EMA30 still maintain an upward divergence, but the price has fallen below EMA7, indicating a short-term need for adjustment.
The MACD fast line and slow line show signs of turning down, and the histogram has turned from positive to negative, indicating that the short-term bullish strength is weakening and may enter an adjustment.
Support and Resistance:
Support Level: Short-term support is focused on 97800-97500, with further support at 96500.
Resistance Level: 99500 is the short-term rebound high point, and if broken, look towards the 100000-100200 area.
4-hour Level (4H) Analysis:
Current Form:
The bullish main trend remains intact, but the current price is close to the previous pressure zone around 99500, and the continuous upward momentum is limited, possibly entering high-level volatility or a slight retreat.
The EMA moving average system (EMA7, EMA30) still shows a bullish arrangement, and EMA7 provides support for the price, which may consolidate around the 98000 level in the short term.
Technical Indicators:
RSI is close to 70 but not overbought, and momentum remains strong, with the price still within the upward channel.
Volume has weakened during the upward process, indicating a decrease in bullish momentum, making it difficult for a short-term push towards 100000.
Comprehensive Judgment:
In the short term, BTC is expected to fluctuate between 98000-99500. If it breaks through 99500, the upward space may extend above 100000; if it breaks below 97800, it may further explore the 96500 support.
Trend Forecast:
Main Direction: Sideways bias towards bullish, focus on breakout possibilities
BTC is still in high-level volatility. If it can hold above 98000 and break through the 99500 resistance in the short term, there is a chance to test the 100000 level; if continually blocked, it may retrace to seek support at 97800-97500.
Operation Suggestions:
Long Position Strategy:
Entry Point: Lightly position long in the 97500-98000 area.
Take Profit Target: The first target is 99500, and the second target is around 100000.
Stop Loss Setting: Place below 97000, strictly control risk.
Short Position Strategy:
Entry Point: If the price approaches the 99500-99800 level, consider trying a lightly positioned short (cautious operation).
Take Profit Target: The first target is 98000, further target is 97800.
Stop Loss Setting: Place above 100200 to avoid strong breakout risk.
Flexible Strategy:
If the price breaks above 100000, it is recommended to wait for a retest confirmation before following up with a long position, targeting the 100500-101000 area.
If it breaks below the 97800 support, it may enter an adjustment, and short positions can target 96500.
Today's predicted support and resistance refer to recent K-line highs and lows, technical indicators, and trend line calculations, with a fluctuation range of 100-150 points in line with recent trends.
Yesterday, BTC rose strongly to around 99588 before entering a consolidation phase, consistent with the expected resistance area. If it consolidates today, further breakthroughs will need to pay attention to whether the momentum is sufficient.
Risk Warning:
If BTC breaks below 96500, it will disrupt the current upward structure, and market sentiment changes should be observed cautiously.
Sudden news (such as policy or macro environment changes) may have additional effects on the market, requiring flexible responses.
BTC's price movement today is expected to find a breakout in high-level volatility, still leaning towards bullish overall, and long positions can be established at key support areas; near high-level resistance, cautiously try short positions, while paying attention to stop-loss control to manage risk. The market is on the move again at the ten-thousand-dollar mark! Lock in Mr. Qiu to catch the pulse of the new era in advance!
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