📌BTC/USDT 4-Hour Chart Analysis: Strong Breakthrough Approaching Stage Highs, Short-term May Face Testing
🔹Overall Trend
Bitcoin continues to rise, currently with a cumulative increase of approximately +29.71%, and the price stands above the $110,000 mark. Overall, it is in a clearly bullish trend, with strong short-term momentum, but gradually approaching the overbought area, which presents certain pullback pressure.
🔹Moving Average System
The 10-day moving average is rapidly rising, close to the candlestick, indicating strong short-term buying sentiment.
The 30-day moving average is also moving up, providing good support, with a stable trend.
The 60-day moving average has clearly turned upwards, indicating that the medium-term trend is strengthening after a period of fluctuation.
📌 Judgment: The moving averages are clearly in a bullish arrangement, and the trend structure is healthy. If there are no significant negative factors, the trend is expected to maintain strength.
🔹Structural Analysis
The current upward slope is relatively steep, with prices continuing to run along the upper channel.
If there is a short-term volume breakout above the $111,000-$112,000 area, it is expected to test higher target levels.
If low volume sideways movement or a high pullback occurs at high levels, caution should be taken for a potential short-term pullback to confirm support in the $106,000-$107,000 area.
🔹RSI Analysis
Current RSI (14) = 72.37, entering the overbought zone, indicating strong upward momentum, but there is a demand for technical pullbacks.
There is no obvious divergence in the RSI, but if future highs continue to rise while the RSI declines, caution should be taken for top signals.
🔹Volume-Price Relationship
Recent rises have been accompanied by moderate volume increases, indicating clear involvement of main funds.
Today, there is another volume increase pushing higher; if subsequent volume weakens, it may indicate a slowing of short-term upward momentum.
🔹Strategy Suggestions
✅ For Holders: Continue to hold, watch for price break above $112,000.
✅ For Short-term Traders: Beware of high-level fluctuations or technical pullbacks, it is advised not to chase high prices, and to wait for a pullback to support before considering entry.
✅ Risk Control: If it falls below the $107,000 support level, caution should be taken for further technical pullbacks.
📊 Summary
Bitcoin continues to rise strongly, with a healthy technical shape, but it has currently entered the technical overbought zone, with short-term demand for fluctuations or pullbacks. It is recommended to operate with the trend and closely monitor the $112,000 resistance area and RSI dynamic performance.
