Recent market characteristics and technical analysis trend overview: Although prices are generally fluctuating upward, they have recently entered a consolidation phase, and market volatility has significantly decreased.
Short-term technical signals Bollinger Bands (BOLL): Prices are oscillating near the middle band, with the upper and lower bands narrowing, indicating sideways consolidation. There remains a possibility of slow upward movement below the middle band support.
EMA indicators: EMA12 is close to the price line and maintains an upward trend, with short-term bullish sentiment still present, but momentum is weakening; EMA60 is steadily rising, and the long-term trend remains bullish.
Moving Averages (MA): MA5 has broken above MA10 forming a golden cross, but the slope of the moving averages is flattening, reflecting a decrease in upward momentum.
Key patterns and points candlestick characteristics: The doji pattern frequently appears, with both top and bottom formations coexisting, intensifying the bullish-bearish divergence, and the trend may face a halt.
Consolidation range: The upper resistance level is 105000, and the lower support level is 102000, showing a pattern of oscillation without a clear direction. 4-hour level: The bullish structure remains intact, with key support forming around 102000 USD, and caution is needed for potential breakdown risks.
Conclusion: The short-term market has entered a consolidation period of "watching more and acting less"; the 4-hour support level determines the short-term direction, and a cautious approach with oscillation strategies is advisable before breaking through the range.
