15-minute $BTC analysis

Recent price oscillating downward

In the short term, the market overall shows a weak and volatile trend, with prices indicating downward momentum in multiple indicators such as K-line, MA, and BBI. However, the short-term bearish forces are gradually weakening, which may present opportunities for a temporary rebound. Therefore, prices may find brief support around 109347.9 (LB support level), but may encounter pressure again at 109476.3 (MA(7) resistance). The contraction of the Bollinger Bands suggests that the subsequent volatility may be small, and the market may maintain a consolidation state amid a wait-and-see sentiment.

Suggestion:

Short-term operation: The current market lacks a clear direction, and it is advisable to be cautious in the low volatility area. Pay attention to the support at 109347.9, if effective support is provided, a low buy for a short-term rebound can be attempted, but the target should be set near the short-term resistance at 109476.3; if the support is lost, avoid building positions too early and wait for the next support level to observe.

Risk control: The current trading volume is low, and the volatility range is narrowing, indicating low market participation. There may be sudden market movements in the short term. Strict stop-loss settings are necessary during operations to avoid chasing highs or lows.

Mainly wait-and-see: Given that indicators like KDJ are approaching the oversold zone and MACD may show signs of a golden cross, there is a certain possibility of a rebound in the subsequent market. However, there is no technical effective confirmation signal formed yet, so whether to enter the market requires further observation of K-line patterns and changes in trading volume.

Technical analysis

K-line pattern: The appearance of the black three soldiers pattern confirms the short-term decline, with the 16:30 top formation indicating a worsening decline, while the 17:00 bottom formation may bring a brief rebound.

BBI: The current price is below the BBI line, market sentiment is bearish, and the trend has not yet reversed.

Volume: Trading volume is low, market buying and selling forces are balanced, and activity is insufficient.

MA: MA(7) and MA(30) show a weak bearish arrangement, and prices may continue to decline in the short term.

MACD: DIF and DEA are close to forming a golden cross, bearish forces are weakening but have not completely reversed.

TD: Multiple counts reaching 9 still show no rebound, upward momentum is weak, and market sentiment is bearish.

BOLL: The Bollinger Bands are contracting, showing a low volatility oscillation pattern in the market.

EMA: Short-term EMA is closely following the price decline, and the bearish arrangement trend continues.

KDJ: The indicator is oversold and at a low level, the market is in a weak consolidation state in the short term.

Potential buy and sell points

Buy point: 109322 (close to recent low forming support, KDJ is in the oversold zone, there may be short-term rebound opportunities)

Long position stop-loss point: 109250 (breaking below the recent low, confirming the failure of short-term support, avoiding further downside risk)

Sell point: 109530.7 (close to the MA(30) moving average resistance level, combined with the oscillating downward pattern, the possibility of a rebound is greatly limited)

Short sell stop-loss point: 109624.1 (breaking through the upper resistance of the Bollinger Band, the trend may experience a short-term reversal, requiring stop-loss to avoid risk)

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