$BTC has recently entered a high-level consolidation phase, showing divergent trends on the daily and hourly charts. On the daily level, the MACD red bars continue to release, and the EMA7 and 30 moving averages are diverging upwards, solidifying the medium-term bullish trend; however, on the hourly level, after a long upper shadow was formed at 12:00, the MACD histogram shortened, and the RSI fell back from the overbought zone to around 63. Additionally, trading volume has significantly shrunk after the peak at 11:00, indicating a weakening short-term upward momentum, with increasing pressure from above, leading to a cautious market sentiment.
Currently, two points need attention: first, the support strength of the hourly EMA7, around 65,000 dollars; if it does not break on a pullback, there is still a chance for a short-term rebound; second, the daily RSI remains above 70, which is strong but requires caution for overbought adjustments.
It is recommended that ordinary investors postpone chasing highs and wait for the hourly RSI to become oversold or to buy low near the EMA7; long-term holders need not worry excessively, as the daily trend remains intact, and the medium-term target can still be seen above 70,000 dollars.
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