The current price of Bitcoin is approximately 94900. From the 4-hour candlestick perspective, it is in a high-level consolidation phase after an accelerated upward movement. The volume is decreasing, moving averages are converging, and it is entering a pivotal change window, making the 95000 level a key pivot point.
1. Technical analysis (based on the chart)
Moving average system:
MA5, 10, and 20 are in a bullish arrangement, and the short term still maintains a strong structure;
The EMA system's bullish slope has slightly slowed down, indicating a slight decline in short-term momentum;
MA30 (94445) is very close to the price, serving as a key support reference point.
SAR indicator:
The SAR support point is at 94518. As long as it doesn't break below, it is still considered a retracement accumulation within the helm structure.
BOLL indicator:
The Bollinger middle line has moved up to 94414, and the price is operating between the middle and upper tracks, but the upper track (95026) has significant resistance, making a strong breakout difficult before increasing volume.
2. Trend prediction & today's target range
Currently in a high-level consolidation pattern, the trend maintains the helm structure unchanged;
If it stabilizes above 95000, it is expected to test the 95200-95500 area (about +200~300 points), but confirmation with volume is needed;
If it breaks below the 94400 support area, there is a risk of retracing to MA30 and the Bollinger middle line, which may test the 94000-93700 line.
3. Operational strategy recommendations
First support level: 95700
First support level: 96600
Second support level: 93600
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