The one-hour BTC candlestick chart shows that the current price has effectively stabilized at the middle band of the Bollinger Bands and is testing the upper band in the 113,000-114,000 range.
From a technical structure perspective, the golden cross pattern remains intact, and the OBV (On-Balance Volume) indicator is moving upward simultaneously, indicating that this rebound has volume support.
If the price can maintain stability at the key pivot point of 112,500, it is likely to attack the resistance zone of 114,000 again.
1. Technical Structure Analysis
Moving Average System: The short-term EMA (5/12) is in a bullish arrangement, and the medium to long-term EMA (26/50) forms a support cluster in the 110,000-110,500 range, creating a multi-layered defense buffer against downward exploration.
Bollinger Band Pattern: After the bandwidth narrows, it expands again, with prices running along the upper band, indicating a trend of rising volatility.
Liquidation Heatmap Signal: There is a dense accumulation of short liquidations in the 114,000-117,000 range (cumulative liquidation intensity exceeds 43.55 million USDT), and a breakout in this area may trigger a nonlinear upward market.
2. Key Levels Game and Risk Structure
Upward Breakthrough Target: If it breaks through 114,000 with volume, the subsequent liquidity gap will aim for the 117,700-118,500 range.
Downward Protection Mechanism: 108,500-110,000 serves as the core defense zone for bulls, gathering previous multiple chip exchange lows and a dense area for futures long liquidations.
Hidden concerns: The current RSI (1H) has reached the overbought area of 72, so beware of false breakout and bullish traps. It is recommended to observe whether the breakout is accompanied by the OBV indicator making new highs.
It is recommended to adopt a batch layout strategy:
After breaking through 114,000, strictly set the pullback stop loss for the long position at 113,600.
If it pulls back to the support zone of 110,000, consider establishing a hedged long position.
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