Crypto Circle Red Sister 7.4: Today's Bitcoin (BTC) Latest Market Analysis and Trading Suggestions! #非农就业数据来袭 #BTC重返11万 #BTC #BTC☀️ #BTC🔥🔥🔥🔥🔥 $BTC $ETH

The current price of Bitcoin is 109700, with recent prices showing an overall upward trend and encountering resistance near 110500, causing price movements to gradually slow down. In the short term, the market is in a bullish pattern, but indicators such as KDJ and BOLL show that momentum has weakened, and the bullish strength is entering a state of consumption. The recent price approaching the high area of 110500 from May could create parallel pressure, and before facing significant resistance, there may even be fluctuations or slight pullbacks. Additionally, the doji candlestick pattern and some indicators' overbought signals suggest the possibility of short-term adjustments in the market, but the overall bullish trend has not completely changed. Red Sister suggests that if you already hold long positions, you can gradually take profits in batches, especially when the price approaches the 110000-110530 range, while closely monitoring the resistance response in that area; if the price breaks through and stabilizes, you can continue to hold. The profit-taking position can refer to the resistance area near historical highs. If you plan to enter the market, it is recommended to choose a buying point near the midline of 4H around 108000. If the price breaks through the previous high area of 110530 with increased volume again, the market may open up further upward space, and you can follow the trend. Conversely, if resistance is encountered above 110500, you can consider entering a short position! The candlestick pattern shows a bullish engulfing pattern and a high position doji, indicating potential reversal or consolidation risks. In MACD, the DIF line is above the DEA line, forming a golden cross with the histogram continuously strengthening, indicating strong short-term momentum. In BOLL, the candlestick is running along the upper track, with the price close to the upper track resistance area, indicating a strong short-term trend but potential for consolidation. In KDJ, the indicators are in the overbought high zone, with the K line and D line sticking together, showing the possibility of short-term adjustments. In MA, the short-term moving averages (MA7, MA30) are in a bullish arrangement, with a clear upward trend but requiring observation of high-level pullbacks. In RSI, it is close to 60, indicating a strong trend but not overbought, with the possibility of continued upward movement and phase oscillation. Although bullish momentum is strong, Red Sister does not recommend chasing at high levels and suggests considering entering long positions after a pullback for a more stable approach!

Sell Point: ≥110200 short, stop loss above 110600; take profit 109200-108000; if it breaks below 107800, you can continue to hold;

Buy Point: ≤108000 long, stop loss below 107500; take profit 109500-110500; if it breaks above 110600, you can continue to hold;