1. Daily Line Analysis
On the daily chart of Bitcoin, the BTC price is currently $57,157, showing a consolidation pattern after the recent sharp price correction. The MA10 (yellow) moving average and the MA30 (purple) moving average have formed a "death cross", indicating that the bears are in control. In the MACD indicator, the DIF line and the DEA line are both below the zero axis, and the green column continues to expand, indicating that the bears are further strengthening.
Judging from the current K-line trend, if the key support level of $57,000 cannot be effectively stabilized, BTC may continue to drop to $55,500 or even lower. On the contrary, if this support level can be maintained, it may be expected to fluctuate and adjust in the range of 57,500-58,000.
2. Four-hour line analysis
The four-hour chart shows that BTC's price has failed to break through the resistance level above $58,000 after several attempts, and the rebound strength in the short term is weak. The price has now fallen below the MA10 and MA30 moving averages, indicating that the market sentiment is bearish in the short term. The green column of the MACD indicator is gradually shrinking, indicating that although the short-selling force is strong, it has shown signs of weakening.
If the BTC price can stabilize above $57,000, it is expected to rebound to around $58,500. However, if it falls below this support, it may further adjust to $56,000 or even $55,500.
3. One-hour line analysis
In the one-hour chart, the BTC price shows a continuous downward trend. At present, the MA5 moving average (short-term moving average) is still suppressing the price rebound, and the upward pressure is relatively large in the short term. The MACD indicator is below the zero axis, and the green column is gradually shrinking, indicating that the short-term short-term force has weakened, but it is still necessary to pay attention to whether the price can break through the short-term resistance level of $57,500.
If the price fails to effectively break through this resistance, it will continue to be under pressure in the short term and may drop to around $56,500. If it can rebound here, it is necessary to pay attention to the resistance of $58,000.
4. Operational Suggestions
Short-term strategy: The current Bitcoin price fluctuates around $57,000. Short-term investors can go long with a light position in the $57,000-57,500 range, with a target of $58,000. If it falls below the $57,000 support level, consider going long with a light position in the $55,500-56,000 range.
Medium and long-term strategy: For medium and long-term investors, it is recommended to pay close attention to the support level of $57,000. If this support is lost, the market may usher in a further correction, with a target price of around $55,500. On the contrary, if the support of $57,000 is effective, you can consider gradually placing long orders in batches, with a target of $59,000.
Risk control: Considering the recent large market fluctuations, investors are advised to strictly set stop-loss levels. For short-term operations, the stop-loss should be set below USD 56,500, and for medium- and long-term operations, the stop-loss should be set below USD 55,500.
Summary: Bitcoin is currently in a critical stage of the long-short game. $57,000 is an important short-term support level. If it stabilizes, it is expected to rebound to above $58,000. On the contrary, if the support is lost, it may continue to fall to $55,500 or even lower. It is recommended to be cautious in operation, flexibly adjust positions, and control risks.
