• Current price: 97,084.54 USDT, 24-hour increase +0.85%. (Creating is not easy, please like and follow! Thank you 🙏
• 24-hour highest price: 97,424.02 USDT.
1) Elliott Wave
• Current phase: May be in the 4th wave adjustment, targeting a 38.2%-50% pullback of the 3rd wave (95,500-96,000 USDT).
• Post-adjustment trend: After the end of the 4th wave adjustment, the 5th wave upward may begin, target 98,500-100,000 USDT.
(2) Technical front
• RSI: Approaching overbought (67.08), short-term pullback pressure increasing.
• MACD: Golden cross state, but upward momentum may be nearing its peak; if the histogram converges, it may confirm an adjustment.
• Bollinger Bands: Price approaching the upper limit (97,595.92 USDT), if unable to break through, may fall back to the middle limit (95,500.34 USDT).
(3) News front
• Non-farm data better than expected, the dollar strengthens, BTC under short-term pressure.
• DeFi TVL decline (-10.07%) may intensify bearish sentiment.
(4) Short-term forecast
• Trend: May enter the 4th wave adjustment in the short term, target 95,500-96,000 USDT, followed by the potential 5th wave upward, target 98,500-100,000 USDT.
• Support levels: 95,500 USDT (Bollinger Band middle limit), 94,000 USDT (recent low).
• Resistance levels: 97,595.92 USDT (Bollinger Band upper limit), 98,500 USDT (psychological level).
• Trading suggestions:
• Mainly wait and see, waiting for a pullback to 95,500-96,000 USDT to build positions, target 97,595 USDT, stop loss 94,500 USDT.
• If it breaks through 97,595.92 USDT and holds, can chase long, target 98,500 USDT, stop loss 96,500 USDT.
