Technical Trend Analysis of Cryptocurrency against US Dollar (BTC/USD):
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*📉 Overall Trend Analysis*
- *Short-term trend*: Showing a downward trend, recent price fluctuations have intensified, with signs of a pullback.
- *Medium-term trend*: Overall still in an upward channel, despite adjustments, the structure remains robust.
- *Long-term trend*: Maintaining a bullish pattern, lows are gradually rising, indicating confidence from long-term investors.
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*📊 Key Technical Levels*
Type Price Range (USD) Analysis Description *Support Levels* 112,492 Short-term support, may accelerate downward if broken 105,724 Medium-term support, historical rebound area 84,387 Long-term support, bottom construction area *Resistance Levels* 117,329 Key resistance for current rebound 123,375 Bullish target area, requires strong breakthrough 118,026 Pressure zone, high trading volume---
*📈 Technical Indicator Interpretation*
- *Relative Strength Index (RSI)*: Close to 50, in a neutral zone, no clear buy or sell signals formed yet.
- *Moving Averages (MA)*:
- MA20: Slightly declining, short-term under pressure;
- MA50 & MA200: Still upward, showing good long-term trend.
- *MACD Indicator*: Recent death cross, weakening momentum, need to watch for further pullback.
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*🔍 Chart Pattern Observation*
- *Flag Formation*: A downward flag pattern appears on the hourly and 4-hour charts, suggesting possible continued adjustment.
- *Volume Analysis*: Recent trading volume decline indicates strong market wait-and-see sentiment.
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*🧭 Possible Market Directions*
- *Bullish Scenario*: If it breaks 117,329 USD with increased volume, it may challenge 123,375 USD.
- *Bearish Scenario*: If it breaks below the 112,492 USD support, it may retest 105,724 USD or even lower.
