BTC Four-Hour Chart Analysis: Consolidation and Direction Awaited, ETF Expectations Become Key Variable!
Currently, the focus is still on the big brother BTC, which is fluctuating around a price of approximately $109,400. From the four-hour chart, it resembles a 'constipation-style rise', but there are several key signals that must be clarified:
Technical Aspects: Bulls and Bears are 'tugging' within the Bollinger Bands
Price Position: Currently, it is hovering above the middle band of the Bollinger Bands ($107,900) trying to push upward, with the upper resistance level at $111,500 almost within reach, but it just needs a little more to break through. The short-term moving averages MA7 ($109,200) and EMA7 ($107,500) have golden crossed upward, indicating that the short-term bulls have not surrendered, belonging to a 'can attack and can defend' period of consolidation and accumulation.
Indicator Signals: The RSI three lines (57/62/60) are all lying in the neutral zone, neither overbought nor oversold, indicating that there is no urgency for funds right now, and everyone is waiting for a clear direction—either a volume surge pushing towards the upper band or a pullback confirming support at the middle band.
Bollinger Band Mystery: The bandwidth has narrowed to the extreme, like a compressed spring, which could 'bounce' out a directional market at any moment; now is the time to test patience!
Recently, the most turbulent issue in the crypto circle is the 'release expectations' of the U.S. SEC regarding Bitcoin spot ETFs heating up! Giants like BlackRock and Fidelity are lining up to submit applications, and the market is betting that the first batch of ETFs landing will bring in hundreds of billions of incremental funds. Although prices have not directly skyrocketed yet, this 'compliance narrative' hangs like a favorable boot over our heads—until it lands, funds are reluctant to flee on a large scale, providing BTC with a layer of 'emotional safety cushion'.
Additionally, the Federal Reserve's June meeting maintained interest rates unchanged (as expected), and the Nasdaq in the U.S. stock market has once again reached a new high, with global risk asset sentiment warming up. BTC, as 'digital gold', naturally benefits from this, at least in the short term, there is no need to worry about a liquidity tightening negative impact.
Cryptocurrency volatility is more thrilling than a roller coaster ride; the above analysis is for reference only and does not constitute investment advice! Be sure to control your position + strictly set stop losses, don’t gamble with 'money for meals'~ Let's continue discussing market matters at the same time tomorrow!
Currently, the market is full of fluctuations, walking alone can be lonely; tap my profile picture to follow me for daily spot potential layouts and bull market strategy planning.
