🔍 Technical analysis:
✅ Daily level:
BTC is still operating above the middle line of the Bollinger Bands, overall within an upward channel.
The 30-day moving average provides some support for the price; the current price has not effectively broken below, indicating that the bullish structure is still present.
The MACD bullish bars are shortening, but there is no death cross, and the market is expected to continue upward after repairing.
📌 Interpretation: The bulls have not been damaged, and the market is entering a period of consolidation and energy accumulation, still having the potential to push up again in the future.
✅ 4-hour line:
The K-line has repeatedly tested near the middle track of the Bollinger Bands, currently just at the support area of the middle track.
The MACD has formed a death cross and is moving downwards, but the green histogram's momentum is weakening, showing signs of stabilizing.
The MA30 and MA100 are in a golden cross state, still forming a medium-term support structure.
📌 Interpretation: After the price gains support at the key middle track, if it can quickly rebound with increased volume, it will restart the short-term upward structure.
✅ 1-hour line:
A slight pullback has occurred in the short term, currently operating near the lower track of the Bollinger Bands, showing potential for a rebound from an oversold condition.
The MACD is hovering near the zero line with a golden cross; if it increases in volume, a short-term breakout may be on the way.
📌 Interpretation: The hourly chart has a rebound expectation, and the timing for short-term operations is approaching, so pay attention to quick reactions.
🚀 Summary:
BTC is currently in a key consolidation area, and the short-term is approaching the support zone. The technical indicators show a clear willingness for bullish defense. If there is a volume breakout subsequently, the target is expected to challenge above 105,000! Short-term funds can pay attention to buying opportunities near 102,900 in batches, while managing position size and stop-loss.
