Bitcoin Must-See Today! Is $105,000 a Rise or a Fall?
From this 4-hour candlestick chart, BTC is currently in a mild upward channel, with prices firmly above the 7-day and 30-day moving averages, indicating that both short-term and medium-term trends are relatively strong. The price is currently hovering around $105,000, having just risen about 0.5%, and the fluctuations are not significant.
The RSI indicator shows that the short-term is a bit overheated, but it has not yet reached serious overbought levels, suggesting that the upward momentum might still hold, but be cautious of a potential pullback at any time. The MACD bars are above the zero line with the fast and slow lines in a golden cross state, indicating that the bulls are still gaining strength.
Considering the news front, unless there are sudden negative developments, it is highly likely that today will continue to oscillate with slight gains. The upper resistance should be first observed in the range of $106,000-$108,000, but remember two things: first, high RSI can easily trigger a technical pullback, and second, if the broader environment is unstable, it may change at any time. In terms of operations, do not chase high prices; it would be safer to wait for a pullback to the moving averages before considering.
Next, I will continue to arrange the strategy. Rather than blindly exploring and failing to capture the best entry and exit points leading to losses, it is better to follow me; those who agree can come directly.
