12 26 Analysis of Bitcoin BTC. From the daily perspective, its current price is around 98300, with a highest of 99963.70 and a lowest of 97632.02 within the last 24 hours.
The current price is below the middle band of the Bollinger Bands (99731.94), indicating short-term pullback pressure. The 7-day moving average is around 97360, and considering the current price, the short-term trend is relatively stable. However, from the perspective of the long-term moving averages of 25 and 99 days, there is an upward trend, but the short-term shows a fluctuating pattern.
Additionally, the fast line of the MACD is below the slow line, and the histogram shows a cut-off of bearish momentum, so we need to pay attention to the timing of the subsequent golden cross formation. The current RSI is about 48, which is in the neutral zone, and the bullish or bearish direction trend is not obvious. Given the current situation, the recent low of 97000 is a support level, and if this level is broken, we need to pay attention to the support situation at 94300, which is the lower band of the Bollinger Bands.
Clearly, 100000 is a key psychological pressure level. If it can break through, we can expect to see 10500. Looking at today's hourly chart, the fast line is below the DEA, indicating that it will continue to fluctuate in the short term. The RSI is around 47, showing a neutral to weak position, with uncertain bullish or bearish direction.
Today's short-term support levels are at the recent 24-hour low of 97632 and 96500, while resistance is at the middle band of the Bollinger Bands at 98666. The short-term maintains a fluctuating pattern, and it is recommended to operate with light positions, avoid greed, and pay attention to key support and resistance levels, waiting for the trend to emerge. Today is the last day of the Christmas holiday for Europe and the United States, and European and American traders will return from vacation tomorrow night, hoping for a violent surge.