BTC Technical Analysis: Narrow Fluctuations Prepare for Trend Change, Key Support Faces Test
BTC hourly fluctuations continue to narrow, with a daily amplitude of less than 1.5%, and market trading is light. The daily candlestick has formed consecutive doji stars, and trading volume continues to shrink, indicating that both bulls and bears are in a wait-and-see mode. As the weekend approaches, liquidity will further decline, and a weak oscillation pattern is expected to continue for the next three days.
Key Indicator Signals
Moving Average System: The daily EMA52 support is gradually weakening; if it continues to consolidate, MA30 will turn downward, forming short-term resistance.
MACD Indicator: The death cross above the zero axis continues, with increasing bearish momentum; if it crosses below the zero axis, it may trigger a deeper correction.
Key Support: The three-day MA30 (97642) has become an important defense line recently; if it breaks, it may accelerate the downward test.
Key Positions for Bulls and Bears
Resistance Area: 106580 (short-term) → 110300 → 120400 (trend resistance) → 130000 (psychological level)
Support Area: 102950 (intraday) → 97650 (medium-term) → 95930 → 93910 (strong support zone)
Market Projection
If weekend liquidity exhaustion leads to a price decline, the area near 97650 will become the battleground for bulls and bears. If it holds, the high-level oscillation will be maintained; if it breaks, it may trigger technical selling pressure, testing the 90,000 range downward. The current market needs to be wary of sudden breakout risks after consolidation.
