$BTC 4 Hours Overall Analysis and Strategy Points
Recently, the price has been fluctuating and consolidating near the middle track after an overall upward movement, showing a tug-of-war between bulls and bears.
In the short term, the upward momentum of the price has weakened, and it may maintain a consolidation phase. Pay attention to whether the support level below is effective.
Suggestion: Currently, it is not advisable to chase high prices; it is better to observe in the short term. After the price stabilizes in the 104000-105000 area, a light position can be attempted for long positions; if it breaks above the 108000 area, consider increasing the position accordingly. However, if it falls below the 104000 support, caution is needed, and long positions should be stopped out while observing the performance after further corrections.
Technical Analysis
K-line Shape: Recently, a doji star has appeared, indicating market hesitation; a bullish engulfing on June 23 suggests a potential rebound, while the black three soldiers indicate increased mid-term pressure.
Volume: Trading volume significantly increased on June 22-23, consistent with market fluctuations. Subsequently, a decrease in volume with price increase indicates weakening upward momentum.
MACD: The DIF line is leveling close to the DEA line, and the shortening of the red bars indicates weakening upward momentum, suggesting the market may enter a consolidation period.
BOLL: The middle track is rising, with prices approaching it; the lower and upper tracks converging indicate a decrease in volatility and entry into consolidation.
RSI: RSI is descending after approaching 70, indicating weakening bullish strength and a tendency for the market forces to balance.
BBI: Prices running close to above BBI show short-term bullish dominance, but insufficient momentum leads to consolidation.
MA: Short-term moving averages are rising while long-term moving averages are leveling off, indicating short-term strength but no reversal in mid-term trends yet.
TD: After a TD 9 occurrence, re-counting begins, indicating the possibility of short-term sideways consolidation.
EMA: The space between EMA(7) and EMA(30) is narrowing, showing clear short-term support but still needing to break upward to confirm.
Potential Buy/Sell Points
Long Entry Point: 106486.2 (previous local high, may form new support after breaking)
Long Stop-Loss Point: 104931.6 (breaks below MA30 key support, confirming failure of bullish trend)
Short Entry Point: 108249.9 (close to previous local high, selling pressure may occur)
Short Stop-Loss Point: 108599.6 (Bollinger Band upper track position, breaking may continue the upward trend)
The first position of the strategy point given this morning $ETH has already been reached; I don't know how many people made profits.
If you want to see detailed operations, communicate in the comments!
