Currently, the overall trend of the pancake is "upward trend".
The bullish arrangement of moving averages and the golden cross form a bullish resonance, with prices running above the moving averages, and momentum strengthening. The extremely low trading volume leads to a divergence between volume and price, indicating that the upward momentum may be weak. The three consecutive bullish candlesticks pattern and the moving average signals together point to a bullish reversal, but a breakout above the resistance level of 115734.2 is needed to confirm the continuation of the trend.
Currently, the BTC market presents a neutral sideways pattern, with technical indicators showing that prices are in an upward trend, but the extremely low trading volume creates a divergence between volume and price, weakening the sustainability of the upward momentum. The bullish arrangement of the moving average system and the golden cross provide a bullish resonance signal, but prices need to break through the strong resistance level of 115734.2 to confirm the continuation of the trend. Meanwhile, the external environment is neutral, with market sentiment showing no obvious bias, limited macro pressure, and mixed news that has not formed a clear directional drive.
Overall, although the market has a certain technical bullish tendency, the neutral state of the external environment and the insufficient trading volume create a technical conflict that may cause prices to remain in a range-bound fluctuation in the short term. It is recommended to pay attention to the performance of key support and resistance levels, with range trading as the main strategy.
Strategy 1 (Short High Sell)
116000 to 115000, look at 114000 to 113000
Strategy 2 (Long Low Buy)
112500 to 113500, look at 115000 to 114500
