#BTC $BTC

In the medium term: Overall, the market is in a consolidation trend, with the medium-term moving averages (MA30, MA60) flattening and sticking to the price, indicating that the market direction remains unclear. The EMA144 and EMA169 below serve as strong support areas, and attention should be paid to whether the price breaks below after multiple tests.

In the long term: The long-term moving averages continue to rise, showing that the long-term upward trend has not changed, but short-term downward adjustments may affect market sentiment, and there is potential for the price to approach the long-term moving averages (such as MA90).

In summary, the current market is leaning towards a downward consolidation, and it is advisable to operate cautiously, paying attention to the alternating changes in short-term support and resistance, and waiting patiently for the trend to clarify before entering.

Technical Analysis

Candlestick Pattern: The Dark Cloud Cover pattern has recently appeared, indicating a potential downward signal, but subsequent confirmation is needed.

EMA: The distance between EMA144 and EMA169 is stable, with the current price testing the EMA144 support, showing short-term pullback pressure.

BOLL: The price is close to the lower Bollinger Band, with the middle band flattening indicating a weakening short-term trend and increasing volatility.

MA: The short-term moving averages are pressing down, the medium-term is consolidating, and the long-term is upward but shows momentum returning to the moving averages.

Alligator: The Alligator's three lines converging indicate a consolidation phase, with the price below the Lips, showing weakened short-term strength.

Trend Line: The first-phase trend line has been broken, disrupting the short-term upward trend.

Signal: Completely broken below the 4-hour and 6-hour signals, currently retesting the 8-hour signal [and this is a perfect retest].

Support: 105000

Resistance: 107777-109000 [range]