How is the market looking today?

Happy holidays to everyone! I spent the last couple of days camping and relaxing with my family. How has everyone’s holiday been?

1. Technical Analysis

The 4-hour chart shows multiple northern and southern points gradually rising, forming a head and shoulders pattern. The MACD is in a bullish phase, indicating a tendency to move upward.

2. Position

Support: 96-95, if it falls back to this range, it provides a buying opportunity.

Resistance: 98.5-99, a breakthrough may test 100.

The daily RSI is currently at 70, so we need to be cautious of short-term pullback pressure. If the RSI falls below 50, it may signal the end of the fifth bullish phase.

3. Recommendations

If it falls back to the range of 96-95.5, consider buying, with a target looking towards 98-98.5 near #BTC走势分析 .