BTC Saturday Afternoon Observation: Fluctuation Awaiting Direction, Focus on These Points

The BTC market on Saturday afternoon shows a somewhat 'grinding' vibe. Several key technical indicators are quite clear, so let’s break it down.

First, looking at the MACD, the 'afterglow' from the previous rebound is still there, but the momentum has weakened. The most important thing is that it hasn't turned positive yet, and there is a slight 'top divergence' appearing with the current price—simply put, the price hasn't dropped much, but the indicator is starting to lag behind. This is a signal to pay attention to, indicating that the upward momentum is gradually diminishing.

Next, looking at the moving averages, BTC is still firmly above two key moving averages, which serves as a small support. However, upon closer inspection, the slope of the moving averages has changed from an upward tilt to flattening out, which is consistent with the signal from the MACD, indicating that the upward momentum has indeed weakened, unlike the previous aggressive upward movement.

The most noteworthy aspect is the Bollinger Bands on the 1-hour chart, which are now slowly narrowing. Friends familiar with technical analysis know that narrowing Bollinger Bands often signify 'the calm before the storm,' where both bulls and bears temporarily reach a balance. There is a high probability that a directional choice will occur in the afternoon, whether it will be a breakout or a pullback will soon become clear.

The view is that around 110400-110600 there may be an opportunity to take a position, with the initial target looking at the vicinity of 111700-112200, following short-term fluctuations. But remember a crucial stop-loss level: if it drops below 110300, it indicates that the short-term trend may have changed, and previous strategies need to be adjusted promptly, don’t hold on stubbornly.

Overall, while Saturday's market is not particularly intense, following the signals is much more reliable than guessing blindly. #BTC☀