$BTC
Short-term Analysis of BTC Market
Market Overview:
BTC is showing strong momentum, having essentially stabilized above 100,000, with a bullish market atmosphere still present. Bearish signals from the candlestick chart (such as the bottom formation being covered by the black three soldiers) are slightly rising, and the short-term moving averages are flattening, indicating a slight pause in bullish momentum. Caution is needed for further pullbacks, which present opportunities. A bearish outlook down to 100,000 requires caution in high-level fluctuations.
Technical Quick Review:
Four-hour Level: The price has dropped below 110,000, with a decrease in trading volume. The golden cross of the moving averages (MA5, MA20) is weakening, indicating a short-term sideways trend.
One-hour Level: The price is consolidating between 103,000 and 104,000, with the moving averages (MA5, MA10) slightly declining. If it drops below 103,000, the bears may take control.
Key Levels:
Support: 102,000 (recent low), secondary 100,000-101,000 (psychological level).
Resistance: 105,000-106,000 (recent high), secondary 110,000.
Trend Prediction:
If BTC holds above 102,000 and rebounds to break through 105,000-106,000, it could regain upward momentum, targeting 110,000; if it falls below 102,000, it may test back down to 100,000-101,000. Volume is key; decreasing volume increases the risk of a pullback.
If you like Shengyang, please pay attention to $BTC
