BTCUSDT 1h Market Trend Analysis Report

Based on market data provided by CoinAnk

Current Price: 82687.80 USDT

24-hour Change: 1.119%

Major Support Level: 81091.60 USDT

Major Resistance Level: 83027.40 USDT

Current Trend: Fluctuating with a Bullish Bias

Detailed Explanation:

Technical Indicator Summary:

Moving Average System: MA5=81725.36, MA10=81169.09, MA20=80298.54, MA120=79326.95. The current price is above all moving averages, and the moving averages are in a bullish arrangement, indicating that both short-term and medium-term trends are bullish.

MACD: DIF=392.57, DEA=129.63, Histogram=262.94. MACD is in a golden cross state, and the histogram continues to expand, indicating strong upward momentum.

BOLL: Upper Band=82356.66, Middle Band=80298.54, Lower Band=78240.43. The current price is close to the upper band, indicating that the market is in a strong area, but caution is needed for overbought risks.

RSI: RSI6=84.27, RSI12=68.71, RSI14=66.15, RSI24=59.99. RSI6 is in the overbought area, but other period RSIs are still in the neutral area, indicating that there may be signs of overheating in the short term, but the medium to long-term trend remains bullish.

KDJ: K=94.23, D=87.96, J=100.00. KDJ is in the overbought area, indicating that there may be a need for a short-term pullback, but the overall trend remains bullish.

Indicator Data:

Funding Rate: -0.00160100%. The funding rate is in a neutral to bearish area, indicating that market sentiment is relatively stable, with no obvious bearish or bullish sentiment.

Volume Changes: Recent trading volume has increased, especially during price rises, indicating high market participation and good volume-price coordination.

Capital Flow Data: 1H, 4H, 24H net capital inflow is significant, indicating continuous capital inflow into the market, pushing prices higher.

Analysis Result

Direction: Cautiously Bullish

Entry Timing: It is recommended to enter when the price pulls back to the major support level of 81091.60 USDT, or chase long when it breaks through the major resistance level of 83027.40 USDT.

Stop Loss Setting: Set the stop loss at 3% below the entry price, approximately 78600 USDT.

Target Price: Set the target price at 5% above the major resistance level of 83027.40 USDT, approximately 87178.77 USDT, with an expected return of about 5.4%.

Note: This analysis is for reference only and does not constitute any investment advice!