BTC Market Technical Analysis: Currently, the Bitcoin price frequently oscillates in the range of 94,000 - 95,000. The K-line exhibits dense small bearish and bullish patterns, reflecting that the market's long and short forces are in a stalemate.
From a technical indicator perspective:
MACD: The DIF and DEA dual lines continue to operate below the zero axis, and the histogram consistently maintains negative values, indicating that the bearish forces still dominate;
RSI: The indicator value hovers around 48, neither reaching the overbought threshold nor falling into the oversold zone, showing that the market direction is currently unclear;
EMA: The price fluctuates narrowly between EMA7 (94,607) and EMA30 (94,698), and EMA7 crosses below EMA30, forming a death cross, highlighting the significant suppression effect of the short-term moving average;
BOLL: The 6-hour Bollinger Bands continue to contract, indicating that the oscillating market will persist.
Although the 4-hour level trend releases bullish signals, a slight pullback may accompany it in the short term.
From a medium to long-term perspective, the bullish trend remains clear. It is recommended to accumulate long positions on dips. The key support level is 93,600, and the resistance level to watch is 95,300.
