财经少华
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Bitcoin Market Analysis
For Bitcoin's price to regain strength, bulls must reclaim the $116,000 area. This level coincides with key EMAs and the descending trend line. If the daily closing price is above $116,200, it indicates a potential breakout to $118,000-$121,800, which is the upper boundary of the macro channel.
On the downside, a drop below $112,500 could open the door to support at $110,000 and $108,400, both of which align with historical demand areas on the 4-hour chart. If selling pressure accelerates, the price may return to the support level of $104,500.
As the funding rate remains neutral, trading volume declines, and the RSI indicator fluctuates, the short-term trend remains flat. We should closely monitor price reactions in the $115,000 to $116,200 range to identify signs of a breakout or a return to lower levels.
#BTC
For Bitcoin's price to regain strength, bulls must reclaim the $116,000 area. This level coincides with key EMAs and the descending trend line. If the daily closing price is above $116,200, it indicates a potential breakout to $118,000-$121,800, which is the upper boundary of the macro channel.
On the downside, a drop below $112,500 could open the door to support at $110,000 and $108,400, both of which align with historical demand areas on the 4-hour chart. If selling pressure accelerates, the price may return to the support level of $104,500.
As the funding rate remains neutral, trading volume declines, and the RSI indicator fluctuates, the short-term trend remains flat. We should closely monitor price reactions in the $115,000 to $116,200 range to identify signs of a breakout or a return to lower levels.
#BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
118,081.33
+0.25%