Daily Line Analysis
From the daily chart, the current price of Bitcoin (BTC) is $63,073. After the rebound in the past few days, Bitcoin has successfully broken through the $62,000 mark and is currently trying to further break through the $65,000 resistance level. The MA10 moving average (yellow) and the MA30 moving average (pink) show an upward trend, indicating that the overall market is bullish. However, the red bar chart in the MACD indicator has shrunk, and the fast and slow lines have gradually flattened, indicating that the upward momentum has weakened and may face shock adjustments in the short term.
If Bitcoin successfully breaks through $65,000 and stands above it, the next target will be $68,000. If it fails to break through this resistance level, it may fluctuate between $62,000 and $65,000.
Four-hour line analysis
The four-hour chart shows that the current price of Bitcoin is around $63,073. MA10 and MA30 moving averages show signs of flattening, and the market may enter a consolidation state in the short term. The red bar chart in the MACD indicator is gradually shortening, and the fast and slow lines are close to a dead cross above the zero axis, suggesting that the market may face certain callback pressure in the short term.
Pay attention to the support level of $62,000 below. If it can stabilize here, Bitcoin may continue to rise and test the pressure level of $65,000 again. If it falls below $62,000, it may further fall back to around $60,000.
One-hour line analysis
From the one-hour chart, Bitcoin is currently fluctuating around $63,073, with active market trading but unclear direction. MA5 and MA10 moving averages intersect here, and prices are temporarily in a range of fluctuations. The red bar chart in the MACD indicator is gradually shortening, and the fast and slow lines show signs of forming a dead cross, and a small correction may occur in the short term.
In terms of operations, if Bitcoin breaks through $63,500 and the trading volume increases, you can consider short-term follow-up, with the target at $65,000. If the price falls below $62,500, it is recommended to operate with caution and wait and see.
Recommendations
The current price of Bitcoin is $63,073. It may fluctuate in the range of $62,500-63,500 in the short term. Investors are advised to remain patient and wait for the market direction to be clear before making any operations. If the price breaks through $63,500 and the trading volume increases, you can consider entering the market in batches, with the target at $65,000; if the price falls below $62,500, you should suspend operations and wait for further stabilization signals.
Risk Warning
The market is volatile, so you should control your positions and set stop-loss points when trading. Investors need to adjust their trading strategies based on their risk tolerance and avoid excessive pursuit of rising and falling prices.
