BTC Four Hour Analysis

1. K-Line Form

From the 4-hour chart, BTC rebounded after hitting a low around 108,500. The current price has returned below the middle band of the Bollinger Bands (111,916), but it is still under pressure from above. The short-term trend is biased towards a rebound repair, but the larger direction remains in a downward channel.

2. Indicator Signals

BOLL: After the price fell below the middle band, support at the lower band of 108,500 has been confirmed. It is currently approaching the middle band, but the upper band at 115,500 remains strong resistance.

MACD: The green bars are decreasing, and the fast and slow lines are about to form a golden cross, indicating short-term rebound momentum.

Volume: Trading volume has increased, but net capital outflow (-254 million) indicates that large capital sentiment is cautious.

3. News

Recently, the market is still influenced by the Federal Reserve's interest rate cut expectations and the correlation with risk assets. In the short term, the sentiment in the crypto market is biased towards oscillation repair rather than a unilateral surge.

Strategy Suggestions

Short-term Long Position: A light position can be attempted in the 110,500-110,800 range on a pullback, targeting 112,500, and if broken, look to 114,800.

Short Position Opportunity: If a rebound hits resistance and fails to break in the 114,500-115,500 range, consider shorting at a high position, targeting back to 111,000-110,500.

Summary: The short-term trend is biased towards a rebound, but the larger trend is still in a downward channel. It is recommended to “buy low and sell high,” paying attention to the two key levels of 110,500 and 115,500.