The current price of Bitcoin is approximately 85,500, having previously surpassed 87,000 during the day but then falling back to around 85,977, showing significant volatility. Recent 4-hour trading volume indicates a decrease in buying volume during price increases, leading to a divergence between volume and price, suggesting that the price rise lacks sufficient buying support, and the upward momentum may weaken. Currently, the 4-hour MACD histogram shows no clear trend, but attention is needed to see if a death cross forms. If it turns into a death cross, it may signal a short-term correction; if it continues with positive bars and extends, bulls remain dominant. The KDJ value is in the overbought zone of 81-83, indicating that short-term prices may face correction pressure. The short-term EMA (such as the 20-period EMA) is diverging upwards, supporting price increases, but the long-term EMA (such as the 120-period EMA) still exerts pressure on the trend, showing market divergence.
Support Level: The key short-term support level is around 83,500; if broken, it may further test 81,610.
Resistance Level: Resistance above is concentrated in the range of 85,800-87,500, and breaking this may challenge the 88,000 high.
Despite the short-term technical indicators being bullish (such as EMA support), overbought signals and volume-price divergence suggest caution against high-level pullback risks. Bitcoin shows characteristics of oscillating upward with weakening momentum over the 4-hour cycle. Traders should closely monitor the potential formation of a MACD death cross, the KDJ overbought correction, and changes in volume. Short-term trading suggestions focus on high selling and low buying within the range, while the medium to long-term trend still needs to observe the direction after breaking key resistance or support. For more details and strategies, please follow the homepage or live trading: btc08010
On March 20th, Thursday, Bitcoin and Ethereum layout points!
Bitcoin trading advice: Place long orders near the range of 84,200—84,800. Take profit: 87,600—88,300
Defense: 83,500
Ethereum trading advice: Place long orders near the range of 1,920—1,970. Take profit: 2,120—2,150
Defense: 1,880
Research and market analysis only predict the direction, and the strategies provided are for reference only! Because each person's positions, prices, risk tolerance, and investment trading cycles are completely different, personalized advice cannot be provided. Investment carries risks, and market entry requires caution. #币安投票上币 #美联储3月利率决议 #美SEC将放弃对Ripple的上诉
