Bitcoin Short-Term Trading Strategy: Key Level Layout and Market Trend Analysis
The cryptocurrency market is like a river and lake, with each sword representing its own realm; candlesticks resemble the heart method, and a calm heart naturally leads to profit. Amidst the rise and fall of the market, one must endure loneliness to await prosperity.
According to current market data, the price of Bitcoin is around $115,605.2, currently in a sensitive area where key support and resistance converge. The technical indicators show that the price formed an engulfing pattern near the strong support level of 110,670, suggesting potential rebound possibilities, but the entangled moving averages and drastically reduced trading volume indicate insufficient market momentum, making it difficult to establish a clear trend in the short term.
From an overall trend perspective, the BTC price is currently near the strong support level of 115,400, but the high trading volume node (HVN) at 115,830 creates significant resistance. Trading volume has shrunk to 33.11% of the recent average, indicating a significant drop in market activity and suggesting insufficient bullish momentum in the short term.
The intraday technical indicators present a bearish pattern of double dark clouds, with clear bearish signals appearing at the top, indicating a valid short-term peak.
The moving average system shows an entangled state, the Bollinger Bands are narrowing, indicating reduced volatility, and the weakening MACD momentum suggests that the market temporarily lacks a clear direction.
Support Levels:
Strong Support: 114,800 (EMA15 Trend Fast Line)
Secondary Support: 115,400 (Four-Hour Candlestick EMA60 Support)
Key Support: 113,300 (Bollinger Band Middle Track)
Resistance Levels:
Immediate Resistance: 115,830 (High Trading Volume Node HVN)
Strong Resistance: 117,000-117,500 Range
Key Resistance: 118,000
Northbound Strategy:
Aggressive: 115,500-115,800, Stop Loss: 115,000
Target: 116,500-117,500
Conservative: 114,800-115,400, Stop Loss: 114,500
Target: 116,,000-116500 Breakout Stabilization at 117,000
If the support at 115,400 holds, it may trigger a technical rebound; however, if it breaks down, it could accelerate the downward test of 114,800 or even 113,300 support.