1. K-line Patterns
From the K-line trend, since January 15, 2025, Bitcoin has been fluctuating upwards, and the large bullish candle from January 20 to 21 broke through the previous fluctuation range.
The current price is still above EMA30 (100,154.5 USDT), and the short-term trend is bullish.
2. Moving Average System
Yellow EMA30 moving average (100,164.5 USDT): Currently an important short-term support, with the price operating above it, indicating that the bulls still have the advantage.
Blue EMA120 moving average (88,803.1 USDT): The medium-term trend remains upward, confirming that the market bottom is solid.
Purple EMA200 moving average (81,201.7 USDT): The long-term trend is steadily upward, indicating that the larger cycle remains bullish.
The three moving averages form a bullish arrangement, supporting the current bullish structure.
3. MACD and RSI
MACD: DIF line crosses above DEA line, and the histogram remains positive, indicating that the bullish trend continues, but short-term momentum appears slightly insufficient.
RSI: The current value is 60, indicating that there is still room for price increase, but one must be cautious of the overbought area (above 70) pressure.
4. Trading Volume
The trading volume has shrunk in recent days, indicating that short-term capital's wait-and-see sentiment is rising, and it may consolidate in the short term.
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Three, Support and Resistance Levels
Support level:
First support: EMA30 (100,164.5 USDT)
Second support: Psychological barrier (100,000 USDT)
Resistance level:
First resistance: 107,000 USDT (previous high point)
Second resistance: 110,000 USDT (integer psychological barrier)
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Four, Strategy Suggestions
1. Short-term trading: The current price is close to the phase high, it is recommended to watch with light positions, waiting for a pullback to around 100,200 USDT, and consider placing buy orders in batches, targeting 107,000 USDT.
2. Medium to long-term positioning: The overall market trend is bullish, with three EMA moving averages clearly in a bullish arrangement. If it pulls back to EMA30 (100,154.5 USDT) or lower, consider increasing positions for medium to long-term holding.
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Five, Risk Warning
If the price breaks below EMA30 (100,154.5 USDT), the short-term upward trend may be disrupted.
Macroeconomic news or large market orders may affect price fluctuations and should be monitored closely.