1. Review of the Bitcoin market and current situation analysis
The current Bitcoin price is running around 96567.5, overall in a consolidation period after a mid-term rise. From the latest 1-hour, 4-hour, and daily candlestick charts, multi-timeframe overlap shows that short-term bullish momentum is weakening, and the price is facing a critical point for directional choice.
2. Technical analysis
Daily chart analysis:
Bitcoin has recently rebounded strongly from 74457 to 97865, and after the breakout, there was no significant pullback. It is currently building a high-level consolidation structure.
In the moving average system, MA5 and MA10 continue to rise after a golden cross, while MA30 is flattening, indicating that the bullish trend still dominates, but momentum is slowing.
In terms of trading volume, it has gradually shrunk recently, and there may be a need for a price change in the short term.
RSI is close to the overbought area, and the MACD red bars are shortening, which may indicate a need for short-term correction.
Four-hour chart analysis:
The current price is running above the middle track of BOLL, but there are signs of a peak pullback.
MA5 and MA10 have started to flatten out, and the MACD death cross has emerged, so short-term caution is needed for a pullback after a rise.
Key support is around 94500. If it falls below, it may trigger a short-term correction.
One-hour chart analysis:
From the 1-hour chart, Bitcoin has repeatedly tested the high point near 97500 without effective breakthrough, showing signs of a potential peak.
KDJ death cross downward, MACD momentum bars are shortening, short-term pressure is evident.
If it falls below 96000, it will open up downward space.
3. Short-term trading strategy advice (125x leverage)
Current price: 96567.5
Operational Direction: Short on highs with light positions, waiting to add on pullbacks.
Stop Loss Level Setting:
First Stop Loss Level: 95500
Second Stop Loss Level: 94600
Stop Loss Level Setting:
Stop Loss Level: 97500
4. Comprehensive judgment
From the larger cycle to the smaller cycle, Bitcoin is currently in a high-level consolidation period, and the battle between bulls and bears is quite intense. There is a certain expectation of a pullback in the short term, and operations should pay attention to position control, quick entry and exit, and prevent high-level volatility risks.
5. Conclusion: Follow the trend and seek stability for victory.
The current Bitcoin trend has entered a critical game area, and intraday operations need to be precise. Conservative investors can look for opportunities to buy on pullbacks, while aggressive investors can test short positions at high levels, strictly execute profit-taking and stop-loss strategies to avoid passive losses!
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