Technical Analysis: BTC

After a significant increase in volume from April 21 to 23, the Bitcoin price has reached a key resistance level of 95K, which is the upper edge of the previous consolidation range.

From a daily chart perspective, the K-lines over the past three trading days have shown relatively long lower shadows, indicating that the market is attempting to break through the selling pressure in the 95K-98K range above. Currently, the daily candlestick has formed a relatively large bullish candle with increased trading volume, and the K-line center of gravity is gradually moving upward, showing that the bulls are in control.

In terms of the moving average system, MA7, MA14, and MA30 are all showing an upward divergence and forming a golden cross arrangement, maintaining a strong bullish pattern overall. The key short-term support level is around 92,000; as long as the price remains stable above this level, the market is still leaning towards bullishness, with the next target looking towards the 100K round number.

The 4-hour chart shows a trend of oscillating upward, but the upward momentum has weakened. This is partly due to the gradual release of trapped positions in the 95K-98K range and partly due to some short-term profit-taking pressure. However, under the overall bullish market sentiment, the expected pullback is limited. For intraday trading strategies, key support to watch below is in the 943-933 range, while short-term resistance above should be monitored in the 956-966 range. #比特币市值排名