🪙---[BTC Technical Indicator Analysis]---🪙

If you're too lazy to read the lengthy discussion, just skip to the last sentence.

1. Key Price Action Observation

1. Resistance Zone:

- Current Key Resistance: $105,500 - $105,800 range

- Breakout Confirmation Criteria: Must close above $105,800 for 4 consecutive hours

- Potential Target: First look at the psychological level of $110,000 after a breakout.

2. Wave Structure Analysis:

- Suspected completion of a 5-wave upward structure (current high of $105,800)

- Expected to enter ABC corrective wave pattern

- Key Support Observation Area: $102,300 - $103,500 range (Fibonacci 38.2%-50% retracement)

2. Technical Indicator Signals

1. Daily Level:

- A typical shooting star candlestick pattern has appeared (upper shadow > body 2 times)

- MACD histogram shows signs of a top divergence (^^^ shape) $BTC

- RSI(14) is flat in the overbought area

2. Momentum Indicators:

- Decreasing volume in the 4-hour chart

- OBV indicator shows price-volume divergence

3. Long-Short Game Factors

Bullish Factors:

- Market risk appetite is warming up

- Marginal improvement in regulatory policies

Potential Risks:

- Volatility triggered by statements (the uncertainty of “Dear” Mr. Trump’s nonsense)

- Profit-taking pressure after concentrated bullish releases

Overall, the current peak of the 5th wave is at $105,800. The depth of the upcoming ABC wave is uncertain. If it breaks above $105,800 again, look to $110,000. If it does not break $105,800, I hope my brothers do not take aggressive positions and wait for changes! If you have opened positions, be sure to set your stop-loss! Holding positions will affect your mood. Do not chase highs and sell lows; hanging on a tree is even worse. Recently, there have been too many bullish news releases, and I believe our “dear” Mr. Trump definitely has another set of tricks that no one knows about. I am very happy to see my brothers making money. I also feel for my brothers who are struggling with holding positions. Best wishes!