#BTC $BTC

Recent prices are on an upward trend and have broken through multiple moving averages, but currently, the price shows signs of pressure near the previous high of 94743, forming a top pattern, and seems to have signs of stagnation that may lead to a consolidation phase.

In the short term, although recent prices are under the resistance of the previous high, there is a hammer candlestick pattern that may indicate a short-term rebound. Additionally, the current price remains above the EMA line and MA moving averages, suggesting that any strong pullback in the future may be limited to the short term.

Suggestion: The market is currently in a tug of war between bulls and bears, but the overall trend still leans towards an upward direction. Short-term investors may consider adding positions on dips and closely monitor whether the price can maintain above support levels (such as EMA(144): 85455.3, MA(5): 93134.4). Medium to long-term investors can continue to hold, but should be aware of potential market adjustment signals such as the emergence of key reversal patterns. In summary, it is advised to remain vigilant to market fluctuations while continuing to focus on whether the price can effectively break through the resistance level of 94743.

Candlestick Pattern: The recent hammer candlestick indicates a short-term rebound, but the pressure at the high of 94743 is evident.

EMA: EMA(144) and EMA(169) are both on an upward trend, with prices staying above them, indicating short-term strength.

MA: MA(5), MA(30), and MA(90) are all trending upwards, showing a strong upward trend overall.

BOLL: Prices are operating near the upper band of the Bollinger Bands, indicating strong upward momentum and high volatility. #BTC走势分析 $BTC