BTC prediction for the third day:
According to the current 4-hour candlestick chart of BTC/USDT, the price of BTC has reached $68,465, and has hit a high of $69,000 in the previous few hours, showing very strong upward momentum. In the short term, this round of upward trend still has the potential to continue upward, but it is currently close to the historical high, and the market may experience a short-term shock adjustment.
From the moving average, short-term moving averages such as EMA5 and EMA10 continue to diverge upward, indicating that the short-term trend is still strong, but it should be noted that the price has begun to encounter certain resistance near $69,000, which may be a relatively strong psychological barrier. If BTC can successfully stand at $69,000 and break through this barrier, the next target may be at $70,000 or even higher.
However, the MACD indicator shows some signs of adjustment. Although the DIF and DEA lines are still above the zero axis, the red momentum column of the bar chart has begun to weaken, indicating that the bulls have weakened and may face a risk of a pullback in the short term. Although the recent trading volume is relatively active, if it cannot be further increased, it may trigger short-term profit-taking.
Forecast:
In the next few days, BTC may continue to fluctuate and consolidate in the range of 67,000-69,000 US dollars, waiting for further direction selection. If it breaks through the 69,000 US dollar mark, it is expected to continue to hit 70,000 US dollars or even higher. But if it cannot break through effectively, BTC may pull back to 67,000 US dollars or even 66,000 US dollars to seek support. For short-term investors, it is recommended to pay close attention to the breakthrough of 69,000 US dollars and make corresponding risk control preparations.
