From the 1-hour and 4-hour K-lines, BTC is currently operating within a relatively critical consolidation zone, the current price oscillates around 104000, and the previous high of 105863 has not been effectively broken, facing a decision in the short-term direction.
Hourly level (1H) observation:
The current price has returned to above the EMA10 (about 104340) and MA10 (104325). The short-term moving averages have shown preliminary signs of a turn, forming a short-term bullish arrangement, but have not yet departed from the oscillating structure. The midline of the BOLL band (94350) has moved up to above 104000, indicating that support has been raised, but the upper line (about 94600) is still suppressing.
From the 4-hour structure (4H):
The previous large bullish candle drove the overall mid-term trend upward, but recently multiple K-lines have been blocked in the 105000 area, and MA20 and MA30 are tending to converge. The current price is operating in a dense area of moving averages, belonging to an oscillating consolidation zone where the direction is unclear.
The CCI indicator is rising from the oversold area, currently around the positive zone of 60, indicating that momentum is warming up, but there is no strong intention for a sharp rise yet.
Operational strategy · Control of intra-day rhythm
Short-term rhythm suggestion (slightly bullish structure but control the rhythm):
Currently in a strong oscillation structure, although the bulls have not exploded, the price center is still gradually rising.
Based on the current K-line structure and moving average direction, the following support and key level references are provided:
Current price: 103700
First support level: 104800
Second support level: 105800
Stop loss level: 102500
Don't rush the rhythm, wait for the structure before making a move. The market is on the edge of a turning point, control the rhythm, and don’t let emotions dictate the pace.
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If you are also watching this position, remember to contact Lao Qian, I will keep an eye on the rhythm later.
