1. The 4-hour K-line of Bitcoin shows a shrinking upward trend (as of 7:19 AM), currently in a high-level sideways consolidation, with noticeably insufficient volume. It is recommended to pay attention to the key resistance level above and avoid chasing the price; you may try to set long positions or enter spot at the support levels marked in the screenshot.
2. The Gu Bi trend indicator on lower timeframes below the daily level is forming a bullish resonance, suggesting that short-term operations should focus on buying on dips. Last week's weekly K-line formed a lotus flower emerging from water pattern, indicating that the price still has upward space in the future, and may rise again after a pullback.
3. The MACD indicator on the 3-6 hour cycle currently shows a no-root water pattern, indicating a demand for price correction. The short-term trading strategy should primarily focus on buying on dips. When the price on the 30-minute cycle retraces to the EMA60 moving average, double bottom structure, or important neckline support level, it will be a good opportunity to enter long positions (operations must strictly set stop-loss and master the techniques for unblocking positions; related courses can provide guidance).
Spot trading suggestion: When the price retraces to the above key support levels, light positions can be set up with limit orders.
Risk warning: The cryptocurrency market is highly volatile, and the above analysis is for reference only. Additionally, you can utilize the correlation effect of Bitcoin to layout mainstream coins, sub-mainstream coins, and altcoins.
