Indicator Analysis:

Recent prices have shown a strong upward trend, breaking through the moving average and operating near the upper Bollinger Band. This indicates market strength, although there may be risks of reversal or pullback in the short term.

In the short term, the market may experience a temporary adjustment due to the hanging man pattern and topping formation, but the overall bullish trend remains strong. Both the EMA and MA indicators show that the market is in an upward trend, and the expansion of the Bollinger Bands also indicates that the market has upward momentum. Key resistance levels should be noted, such as the previous high of 88849.5, and there may be short-term resistance around the current price of 88250.1. If the price breaks through these resistances, the upward trend may continue.

Recommendation: Considering the current strong bullish pattern, it is advised to hold or buy on dips in the short term. However, it is necessary to closely monitor the changes in the hanging man and topping patterns for signals of market reversal or pullback, and to remain cautious near key resistance levels. Long-term investors can maintain a bullish strategy until the market trend changes significantly.

Candlestick Patterns: Recently, a hanging man and topping formation have appeared, which may indicate a short-term pullback; attention should be paid to the risk of market reversal.

EMA: EMA(144) and EMA(169) are both in an upward trend, and the price being above them indicates strong bullish sentiment in the market.

MA: The short-term moving average has broken above the long-term moving average, forming a bullish arrangement, with the market in a strong upward state.

BOLL: The price is close to the upper Bollinger Band, indicating strong bullish momentum in the short term but caution is needed for possible adjustments.

Pattern Analysis:

The pressure from the trendline breakthrough has persisted for a long time, and the trend continues to maintain strength. The short-term pressure at the 88000 previous high point has also completed a breakthrough; looking at the Fibonacci pressure from the highs, the next pressure level appears around: 92000.

Signal Analysis:

Signals continue to indicate a bullish trend, and pullback support signals can provide another entry point. Support: 87000-87500 range $BTC #BTC走势分析