The trend of Bitcoin looks like climbing stairs on the 4-hour chart. Every time it reaches a new high point, even if it drops down, it is still higher than the previous low point, just inching up step by step. Although the overall direction is still upward, it is evident that the recent climb has been a bit strenuous, stuck oscillating under the ceiling between 95200 and 95800, unable to break through.
Looking at the hourly chart is even more interesting; every time it drops a little, there is immediately capital stepping in to pull it back up. It's like bargaining at a market; as soon as the seller wants to lower the price, there are buyers eager to snatch it up. In terms of indicators, the MACD red bars are getting shorter, indicating that the rise isn't as strong as before, so one must be cautious about a sudden change in direction. The price is being pressed against the upper band of the Bollinger Bands, and if it can't break through, it is likely to pull back.
If it can't hold below, first look at the support level around 93600. If this breaks, it may slide directly down to 92800 or even lower. Don't rush to chase the highs in operations; wait for the price to drop to the support level before slowly taking positions. A small position to test the waters if you're feeling anxious.
Personal opinion, for reference only.
Using precise strategies for analysis, leading you to seize market opportunities and experience a different market; if you've lost a lot, it's time to experience the feeling of making profits. Keep up the speed; a trade of ten thousand USDT is not a dream!
Daily focus: SUI SOL BTC OM WLD
