BTC technical analysis and today's trading advice

From the BTC candlestick chart, combined with BOLL lines, moving averages (MA5, MA10, MA30), and volume analysis:

Important support level: around 96000-96200 (BOLL lower band and key psychological support level). Important resistance level: around 98500-99000 (BOLL upper band area and previous highs).

Moving Average System: MA5 and MA10 currently show signs of a golden cross, but MA30 remains downward, indicating a short-term rebound trend, while overall it is still in a weak oscillating pattern.

The short-term trend may consolidate in the 98000-96000 range, waiting for further breakout direction.

BOLL channel: The BOLL middle band has started to rise, and the current price is close to the area between the middle band and the upper band, but the pressure on the upper band is evident.

If it can break through the BOLL upper band (around 99000) with increased volume, it is expected to challenge the 100000 point area.

Trading volume: Yesterday's rebound volume increased somewhat, but the sustainability is insufficient. If today's volume cannot continue to increase, the rebound space will be limited.

Today's trading advice:

Opening position: It is advised to gradually enter the market in batches when the price retraces to the 97000-97300 area, laying out short-term long positions.

First take profit point: The short-term target is set at 98500-98800, which is near the BOLL upper band.

Second take profit point: If it breaks through the 98500 resistance, then look towards the 100000-100300 area, this is an important threshold from before.

Risk control and additional tips:

Short-term focus on breakout direction:

If it breaks above 99000 with increased volume, continue to pursue long positions.

If it falls below 96000, it may further test the 94000 area.

Pay attention to macro sentiment impacts, especially the significant fluctuations in market liquidity during holiday periods.

Direction summary and forecast:

Combining yesterday's rebound after the decline, BTC has the potential for an upward oscillation in the short term, but the overall range is narrow, and operations need to flexibly adjust positions and stop-losses. Today's suggestion is to maintain a light position and mainly test long positions, adding to positions after focusing on the breakout direction.


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