On the daily chart, BTC formed a small bullish candle with short upper and lower shadows yesterday, with trading volume remaining basically flat compared to the previous trading day, showing a pattern of shrinking volume and upward fluctuations. The daily MA30 moving average continues to run upwards, and the MACD indicator is above the zero line, with signs of weakening downward momentum. The market had anticipated a strong bullish candle with increased volume to form a 'strong upward trend,' but this did not materialize. Therefore, it can be predicted that the market is likely to continue to be trapped in a period of high-level fluctuations.
From the hourly trend observation, BTC is currently in the process of rebounding after returning to the daily MA30 line, following a rebound from the 1-day MA30 line. Although it broke through the 100,000 mark and reached around 101,500 in the morning, it faced resistance from the upper 4-hour trend line and quickly returned, overall presenting a narrow fluctuation pattern, with no significant trending direction formed within the smaller range.
Overall, it is recommended to focus on buying on dips during the day!
Pay attention to the lower retracement levels of 98,700-98,200, and if it breaks the 98,000 level, watch for the areas around 97,400-96,800. In the next range, you can accumulate in batches, continuing to look upwards towards 100,800-101,200-102,000. #BTC能站稳10W吗? #BTC☀️ #行情分析 #粉丝代币板块普涨