Evening Analysis

Today, the Bitcoin market is caught in a tug-of-war, with prices consistently oscillating around the 107,000 mark. It appears to show a step-like upward trend, but in reality, there are hidden reversal risks.

From a technical perspective, a deep analysis at the four-hour level shows that while the current candlestick maintains an upward posture, the slope of the rise is slowing down, and the divergence between volume and price is significant, indicating that the upward momentum is already showing signs of fatigue. The MACD indicator's red bars continue to narrow, and the two lines are about to form a death cross, releasing a strong reversal signal; the RSI indicator is turning downward in the overbought area, and the three lines of the KDJ at a high position are forming a divergent state, all suggesting that a short-term top has appeared. Considering the current market structure, it is highly likely that the trend will continue downward.

The target below for Bitcoin at around 107,200-107,700 is 105,200, while for the altcoin at 2,470-2,500, the target below is 2,370.