BTC Today's Market Analysis:
Weekly: MACD fast line DIF is turning upwards from a downward pressure, and after two bearish candles, there is temporarily one short bullish candle. The rise of this short bullish candle is excessive, while the two bearish candles show a greater decline compared to the rise of the short bullish candle. Therefore, in the future, the bullish short bullish candles will release the market, resulting in a significant rise, and the DIF will naturally form a golden cross. The weekly indicators are bullish, and the upper Bollinger Band is moving up, indicating a potential breakthrough of the historical high in the future.
Daily: The market is near the middle Bollinger Band around 105500, which has certain pressure. From the daily indicators, it cannot be determined whether the next move will be a pullback or a breakout upwards; it needs to be combined with short-term indicators for analysis.
12-Hour: KDJ and MACD form a golden cross. After a large bullish candle, a short bearish candle typically follows, but at this point, the continuation of bullish candles shows strong bullish strength. The upper pressure is at the Bollinger Band upper limit of 107500, while the K-line pressure is at 108300. If it breaks through 108300, it will break the K-line trend, and the market will reach its peak again, attempting to break through the new high.
12-Hour Summary: The market is bullish, with pressure at 107500, 108300, and 110000 (breaking the new high).
6-Hour: The upper Bollinger Band pressure is at 106500. KDJ and MACD form a double golden cross, but after a large bullish candle, a short bullish candle appears, indicating that bullish strength is temporarily insufficient. Pay attention to whether bearish energy is released or bullish energy increases in the future.
In the 6-hour period, it is at a pressure level, and with insufficient bullish strength, it appears bearish. However, the KDJ and MACD double golden cross indicates bullishness. Therefore, from the 6-hour perspective, both upward and downward movements are possible, and we should specifically pay attention to whether the latest volume energy bars are increasing bullish or releasing bearish energy.
4-Hour: KDJ and MACD golden cross indicates bullishness, and the MACD bottom divergence is breaking the 0 point stage. After two large bullish candles, a short bearish candle appears, indicating insufficient bearish energy, followed by a bullish candle. The overall indicators suggest a bullish outlook.
Market Summary: The 4-hour indicator analysis is bullish, supported by the 6-hour indicators which are also bullish. The entire market is moving upwards, and 106500 will be broken. We are looking at 107500 and 108300. These two points are what we will analyze and consider tonight. As for the 110000 points and breaking the new high, that is only a matter of time; we will first focus on 107500 and 108300 today.
