Bitcoin is fluctuating and accumulating momentum, is a key breakthrough imminent?
Bitcoin is experiencing a continuous narrow range oscillation on the hourly level, with no clear direction yet. The daily chart shows a small bullish doji candle, and trading volume has shrunk to half of the previous day's volume, with prices repeatedly testing the daily MA30 line. Currently, the MA30 line is tending to flatten, and the MACD near the zero line indicates weakening downward momentum. If today closes positively, the MACD is expected to form a golden cross, driving a new round of upward movement.
Although there are bullish signals on the daily level, the current trend is still considered a rebound rather than a reversal. A true reversal requires two conditions to be met: the daily MA30 line must turn upwards, and the price must stabilize above this moving average. In the short term, geopolitical risks (such as the conflict between Israel and Iran) and market sentiment (such as comments related to Trump) may intensify volatility, and contract traders should be cautious of sudden risks.
The altcoin market has shown unusual movements, with some meme coins starting to stir, but a surge often accompanies a crash, and timely profit-taking remains the key strategy. Key resistance levels to watch are 106580, 110300, and 120000, while support levels below are 100400, 97850, 95930, and 94000. The market is brewing for a trend change, awaiting confirmation of direction.
