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Technical Analysis of Bitcoin

From the daily level, the previous candlestick formed a small doji, and after today's opening, the rebound momentum is relatively strong, having tested the middle band of the Bollinger Bands. Currently, the Bollinger Bands are in a flat state, with the short-term moving averages operating near the middle band; the MACD fast and slow lines are extending downward, and the volume bars are in a shrinking phase; the KDJ indicator is turning upward; the VR indicator is consolidating around the value of 100.

On the 4-hour level, the market broke through the narrow range of fluctuation over the past two days with a bullish candlestick, and is now testing towards the 60-day moving average. The Bollinger Bands are in a narrowing state, with short-term moving averages slightly tilted upward; the MACD fast and slow lines are crossing upward, and the volume bars are gradually increasing; the KDJ indicator is diverging upward, and attention should be paid to the resistance at the vicinity of the value 100; the VR indicator is oscillating around the value of 80.

In summary, after about two days of small-range fluctuations, the market has welcomed a breakthrough, but the resistance above remains strong. For intraday short-term operations, it is advisable to focus on short positions, with specific strategies as follows:

Short-term strategy for Bitcoin: Aggressive traders can lightly position short near 106800; conservative traders can wait for the price to rebound to around 108300 before entering short (the strategy activation should be flexibly grasped based on actual market conditions)#波段交易策略 $BTC