As of May 8, 2025, at 12:38, the Bitcoin to USD price is 99,339.63, with a 24-hour volatility of 3.79%, a 24-hour high of 99,419.00, and a low of 95,784.61. The recent 4-hour candlestick shows price fluctuations, with both increases and decreases at different time points. The last candlestick is bullish, but the closing price is not significantly different from the opening price, and the recent trading volume has decreased. Although the price is rising, the trading volume is declining, indicating weakened upward momentum.

Technical Indicator Analysis

- MACD: Currently, based on MACD analysis, there is no obvious trend. The MACD histogram remains positive and gradually shortens, indicating weakened bullish strength.

- KDJ: No KDJ golden cross or death cross; the KDJ value is 83, indicating an overbought state.

- Moving Average: The value of MA10 is greater than that of MA30, showing that the short-term moving average is above the long-term moving average, indicating short-term upward momentum. However, combined with other indicators, the overall trend is not clear.

Market Trend Analysis

From the market situation, Bitcoin's market share has recently risen to nearly 64%, a peak in recent years. Market funds are flowing into Bitcoin, while altcoins are underperforming, indicating a conservative market sentiment. Some analysts believe that Bitcoin is currently in a high-level consolidation phase. The 4-hour chart shows that the upper resistance is around 100,000 - 101,000, while the lower support is around 92,000. After the consolidation, a directional choice is imminent, but caution should be exercised regarding the risk of pullbacks, which may drop to around 89,000.