BTC/USD 4-hour chart technical analysis #BTC走势分析 #5月市场关键事件
Wyckoff trading method and volume and price analysis
The Wyckoff trading method emphasizes the relationship between supply and demand in the market, and identifies market trends and potential reversal points through the relationship between volume and price. Combined with the K-line color-weighted trading volume in the chart, the following is a detailed analysis:
current market stage
According to the Wyckoff trading method, the market is usually divided into four stages: accumulation, rise, distribution and decline. From the diagram we can identify the following stages:
Accumulation phase (Accumulation): On the left side of the chart, we can see that the price fluctuated repeatedly in the range of $58,000 to $63,000, with trading volume gradually increasing at the low level, showing the accumulation of buying orders.
Rising stage (Markup): Starting from $63,000, the price quickly rose to above $66,000, accompanied by significant increase in trading volume, showing strong buying power.
Distribution stage (Distribution): The current price begins to show signs of consolidation near $66,000, and the trading volume has weakened, showing the fierce game between the long and short parties at this price.
price action analysis
Price pattern: The price rebounded from $58,000 to $66,000, forming a V-shaped reversal and consolidating at a high level, showing that the upward momentum is gradually weakening.
Trading volume analysis: Trading volume increased significantly during the price rise, indicating strong buying power.
During the consolidation phase above $66,000, volume gradually weakened, indicating that the market has entered a wait-and-see mode.
Support and Resistance: Support levels: $63,000 (previous high), $61,000 (strong support area)
Resistance levels: $66,000 (upper edge of current consolidation range), $68,000 (psychological threshold)
Future market forecast
Based on the current volume-price relationship and Wyckoff’s trading method, the following are possible market trends:
Upside Breakout: If the price can break through $66,000 and is accompanied by further amplification of trading volume, it may continue to rise, targeting $68,000.
If $68,000 is exceeded, the next target will be $70,000.
Pullback Support: If the price encounters resistance at $66,000, it may pull back to $63,000 or $61,000 to test the strength of the support level.
After finding support at the support level, the price may rebound again.
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