Bitcoin Price Analysis on July 4th at 23:44

The price of Bitcoin is $107,700, an increase of $534.79704 from before, with a growth rate of 0.49%. In the past 24 hours, Bitcoin trading has been active, with significant price fluctuations, reaching a volatility of 1.84%. The highest price touched $110,529.18, while the lowest price was $107,400, with a 24-hour trading volume reaching as high as $51.5 billion.

From a technical analysis perspective, the Relative Strength Index (RSI) is currently fluctuating around 50, indicating that buying and selling forces in the market are nearly balanced, with no significant overbought or oversold signals. Regarding moving averages, the Bitcoin price hovers above the short-term averages, and the 5-day and 10-day moving averages have not yet formed a clear alignment, suggesting an unclear short-term market direction. The Bollinger Bands indicator shows that the Bitcoin price is operating near the middle band, with the Bollinger Bands channel narrowing, indicating decreased market volatility and suggesting a potential choice of breakout direction.

In summary, Bitcoin is currently at a critical decision-making stage. If it can effectively break through the resistance level of $110,000 with increased trading volume, it may open up new upward potential; conversely, if it falls below the support level of $105,000, it could trigger further sell-offs. $BTC #美国加征关税 #今日行情分析