#BTC $BTC

Recent prices have been fluctuating and adjusting in the short term, with long and short forces temporarily balanced, and no clear direction has been chosen. The market is mostly exhibiting a consolidation pattern.

In the short term, the market may continue to maintain narrow fluctuations, with prices oscillating between key support and resistance levels. It is important to pay attention to changes in trading volume and breakout directions. As long as the key support below is not broken, there is a certain rebound momentum in the short term.

Technical Analysis

Candlestick Patterns: Patterns such as Black Three Soldiers and Dark Cloud Cover have appeared, and recent prices are trending downward, necessitating attention to key support and resistance levels.

BOLL: Prices are between the middle and lower bands of BOLL, indicating reduced market volatility; it is necessary to monitor for a middle band breakout or a support breakdown signal.

Alligator: The Jaw, Teeth, and Lips lines are intertwined and tending to converge, reflecting weakened market momentum, with an unclear short-term direction.

EMA: Candlestick prices are above EMA (144,169), recently exhibiting a consolidating state, requiring attention to the effectiveness of the support line.

MA: MA90 shows an upward trend, short-term moving average crosses indicate a fluctuating state, the mid-term market is weak, while the long-term trend remains positive.

Pattern: Bullish Bat + Bullish Trend Line [Risk arises if the bullish trend line is broken]

Point: Safe before breaking 103000, risk increases after breaking 103000.

Support: 103000

Resistance: 107000