BTC Technical Analysis: Building Momentum, A New Round of Upward Movement is About to Start
BTC daily chart continues to show a pattern of high-level fluctuations, with the candlestick forming a small bullish candle with long upper and lower shadows, and trading volume remains high. The battle between bulls and bears is intense, but the overall trend has not changed. The current trend is in a 3-4 hour rebound cycle at the 2-day line level, stabilizing after a pullback to the EMA52 moving average, with short-term adjustments nearing their end.
The MACD indicator at the 4-hour level has returned to the zero line, with the fast and slow lines forming a golden cross, indicating that rebound momentum is building. If it stabilizes in the current support area, the next target will challenge above $120,000, gradually testing the daily level resistance range of $131,700-$150,000.
In terms of key support, the range of $114,130-$111,380 forms a short-term defense zone. As long as it does not break during the pullback, the upward structure remains intact. The lower range of $109,000-$103,650 is a more critical bullish defense line; as long as it does not break below, the medium-term trend remains bullish.
Altcoin Recovery Opportunities Emerge
Although ETH remains the absolute main line of the market, some altcoins have begun to rotate and recover. During BTC's consolidation and momentum-building phase, funds may temporarily flow to undervalued targets. Short-term traders can pay attention to the recovery opportunities of lagging varieties. However, it is important to note that current market liquidity is still highly concentrated in mainstream coins, and the sustainability of altcoin trends is questionable. In terms of operations, it is recommended to enter and exit quickly.
Market Outlook
As technical indicators complete their repairs, BTC is expected to start a new round of upward movement in the short term. Investors should pay close attention to the breakout situation at the $120,000 mark. If it can effectively stabilize, it will open up greater upward space. Before the trend becomes clear, it is recommended to maintain a reasonable position to not miss out on potential gains while effectively controlling risks.
