The current BTC price is reported at 96845.9, having stabilized above the Bollinger Band middle line at 96635.6 and is approaching the upper band at 97252.9. The Bollinger Band, after narrowing, is expanding, indicating that short-term bullish momentum is building. In the KDJ indicator, the J line has quickly rebounded from the oversold area, and the K line has crossed above the D line, forming a golden cross prototype, suggesting that bearish pressure is weakening. Although the MACD is still in the negative zone, the slope of the DIF line's decline is easing; if it forms a golden cross with the DEA line, it will confirm a rebound signal.
Key support and resistance:
- First resistance: 97250 (Bollinger Band upper line, coinciding with the previous high of 97388)
Breakthrough target: 97800-98000 (area extending from the May 2 high)
Defensive support: 96250 (intraday low) + Bollinger Band middle line (dynamic support)
Operational suggestions:
- Aggressive traders may take a small long position at the current price, with a stop loss below 96200
- If it breaks through 97250 with volume, increase the position, target 97800-98000
- Conservative traders should wait for a MACD golden cross or for the price to stabilize above 97500 before following up
⚠️ Note: The 4-hour level is still in a consolidation cycle, so attention should be paid to changes in global market sentiment and volume conditions.
