Judging from the 1-hour and 4-hour K-line charts, the BTC market experienced a small shock recovery after a surge and fall yesterday. The current price is consolidating around 98,000. The market volatility is gradually narrowing, and the short-term long and short forces are relatively balanced.

  1. BOLL indicator: The current Bollinger Band opening is converging, and the price is running near the middle track, which means that the short-term market direction selection is coming. The upper and lower tracks are near 98700 and 96000 respectively, suggesting a short-term range fluctuation.

  2. Moving average indicator (MA): The price is consolidating near the 10-day moving average (98,200), with obvious pressure above and limited short-term bullish momentum.

  3. KDJ Indicator: The hourly KDJ fast line is diverging downwards but shows signs of weakening after entering the overbought area; it may retest support before attempting to rally.

  4. Trading Volume: Overall trading volume has not significantly increased, and there remains a considerable divergence between long and short positions.

Today's Market Forecast and Trading Suggestions

Short-term Direction Forecast:

  1. Trend Judgment: Today's BTC may first test the lower support area to confirm its validity, then test the resistance level upwards. Overall, it is expected to mainly oscillate in the 96000-98700 range; if the trading volume cooperates, there is a chance to break upwards to around 99000.

  2. Key Levels:

    • First Support Level: 97200

    • Second Support Level: 96000

    • Upper Resistance Level: 98700

    • Breakthrough Target Level: 99000

Trading Strategy

  1. Short-term Short Position Strategy:

    • If the price rebounds and encounters resistance above 98700, a light short position can be established in the 98500-98700 range, with a stop loss set above 99000, targeting down to around 97000.

  2. Oscillation Strategy:

    • Focus on buying low and selling high, operating back and forth in the 96000-98700 range, but strict stop-loss levels must be set to avoid unilateral market risks.

The current market is in a state of oscillation and consolidation, with both long and short positions having short-term space for action, but no obvious reversal signal has appeared in the main trend. Pay attention to whether the lower support level of 96000 is effective, as well as the breakout situation at 98700, it is recommended that investors maintain light positions and strictly execute take-profit and stop-loss strategies.

In the absence of significant news interference, today's BTC price fluctuation range is expected to be between 96000-99000, with an amplitude of about 300 points, leaning towards slight strong consolidation. Maintain patience and wait for key levels to appear before acting to avoid blindly chasing highs or panic selling.

Direction determines success or failure, strategy prevails over emotion, welcome to exchange more views!

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