$BTC 【BTC Structure Analysis - Key Levels and Strategies】
Price Structure and Indicator Observation:
Resistance on Rebound: This round of rebound successfully broke through the $110,000 mark but failed to refresh the historical high.
Top Divergence Signal: The 4-hour MACD has shown a top divergence phenomenon and has formed a death cross, indicating a depletion of upward momentum.
Key Support Level: If the price cannot quickly and effectively recover above $109,000, it faces further downside risks and may break away from the current top oscillation range.
Current Trend Interpretation and Strategy:
4-hour Level: The price encountered resistance and fell back near the previous high, primarily viewing it as a range oscillation pattern. The current price is near the upper edge of the oscillation range.
Trading Idea: Given the above positions and signals, the strategy leans towards short positions on rallies (high shorts).
30-Minute Level Confirmation: This cycle has formed a top structure, the price has fallen below the lower edge of the central area, and the pullback has failed to return to the inside of the central area, constituting a technical breakdown.
Short-Term Key Point: Pay close attention to the $109,000 resistance level. If subsequent rebounds cannot effectively recover this position, the price is expected to seek lower support below it.
External Market Correlation:
Last night, US stocks rose and then fell back, with BTC showing relatively weak performance, exhibiting characteristics of "following drops but not following rises."
US stocks are also in a key resistance area (top range). If they encounter resistance and fall back here, it may amplify the potential downside space for BTC.
Comprehensive Conclusion:
Combining the current technical formation, indicator signals, and external market environment, maintaining high shorts as the main operational thought.
Daily Focus: KAIA RESOLV ARDR RVN
