BTC Market Analysis Brief
The current BTC market exhibits a pattern of both short-term pullback pressure and a medium to long-term upward trend. After reaching a high of 107,793 USDT, significant short-term capital outflow was observed due to large sell orders from major players, with a net outflow of -2.79K BTC over 24 hours. Meanwhile, the proportion of small orders has increased, indicating that retail investors are buying at lower levels, but the overall buying strength remains limited.
From a technical perspective, the MACD momentum is weakening, and the RSI is approaching the overbought zone, indicating short-term adjustment risks. Support levels to watch are in the 105,000 - 106,000 USDT range; if it stabilizes, it can be seen as a buying opportunity; the upper resistance level is at 108,000 USDT.
Operational Suggestions:
Short-term: Wait for a pullback to the support range and build positions gradually; take profit at 108,000 USDT and set a stop loss at 104,000 USDT.
Medium to long-term: The market's upward trend remains intact; pay attention to signals of capital returning and increase positions accordingly.
Conclusion: Exercise caution in the short term while maintaining a bullish outlook in the medium to long term. Plan positions reasonably and pay attention to major player movements and changes in market sentiment.