1. Daily Line Analysis
From the daily chart, the current price of Bitcoin is $56,368, and it has been falling recently. Since mid-August, Bitcoin has tried to break through the $60,000 mark many times, but all failed, causing market sentiment to turn cautious. The moving average system shows that the MA10 and MA30 moving averages form a dead cross, and the overall market is bearish, indicating that the short-term downward trend is more obvious.
In the MACD indicator, the DIF line and the DEA line are below the zero axis, the red kinetic energy column is shortened, and the short-selling force has weakened, but a clear rebound signal has not yet been formed. The current key support level is around $55,000. If this position is lost, it may trigger further declines.
2. Four-hour line analysis
The four-hour chart shows that Bitcoin has been volatile recently, with prices fluctuating repeatedly between $55,000 and $58,000. The MA10 and MA30 moving averages are still suppressed, but the MACD indicator shows signs of weakening bearish momentum, and the green momentum column has shortened. If the price can get support above $55,000 and effectively break through the resistance of $57,000, there may be a rebound in the short term.
However, the current market sentiment is relatively pessimistic, and the downward trend at the four-hour level has not yet been completely reversed. Investors are advised to remain cautious and avoid blindly chasing high prices.
3. One-hour line analysis
From the one-hour chart, Bitcoin hovered around $56,000 in the short term, with MA10 and MA30 moving averages suppressing it. The price once fell below the support, but rebounded around $55,500. The green energy column in the MACD indicator was significantly shortened, indicating that the short-term short-selling force was weakened, and a certain technical rebound was expected.
The current short-term resistance is around $57,000. If it can effectively break through this level, Bitcoin may continue to move towards $60,000. The short-term support is around $55,000. If it falls below this level, it may further test the key support of $52,000.
4. Operational Suggestions
Short-term strategy: Short-term investors are advised to pay close attention to the support strength of $55,000. If effective support is obtained here, a light position can be used to try to rebound to the $57,000-58,000 range. If it falls below $55,000, it is recommended to stop loss and exit.
Medium- and long-term strategies: Medium- and long-term investors can make investments in batches below $55,000, aiming for a rebound above $60,000. If the price of Bitcoin continues to drop to around $52,000, you can consider adding positions.
Risk control: The short-term stop loss is recommended to be set below $54,500, and the medium- and long-term stop loss can be set around $52,000. Investors are advised to control their positions, avoid being greedy, and beware of the risks brought by large fluctuations.
Summary: Bitcoin is currently in a volatile downward trend and may be supported near $55,000 in the short term, but the overall market is bearish and the rebound space is limited. Investors need to remain cautious, flexibly adjust their operating strategies, and strictly set stop-loss positions to control risks.
