Comprehensive Analysis of the BTC Market
BTC is currently exhibiting a pattern of both medium to long-term upward movement and short-term pullback pressure. The price reached a high of 107,793 USDT, but in the short term, main funds have been continuously flowing out, especially with large sell orders accounting for as much as 39%-41%, leading to market pressure.
On the technical front, the RSI is approaching the overbought range (70-80), the MACD momentum bars are shortening, and the KDJ indicator is retreating from a high position, indicating an increased risk of a short-term pullback. The trading volume has failed to sustain an increase, suggesting a weakening of upward momentum.
Support and Resistance:
Short-term support level: 105,000 USDT
Short-term resistance level: 108,000 USDT
Strategy Recommendations:
Short-term: Wait for the price to pull back to the 105,000-106,000 USDT range and accumulate positions on dips.
Take profit: 108,000 USDT; stop loss: 104,000 USDT.
Medium to long-term: Maintain a bullish trend, gradually increase positions on dips, and pay attention to signals of main funds returning.
Summary: The market is cautiously observing in the short term, the mid-term trend remains optimistic, and it is recommended to operate steadily while reasonably controlling risk.
