【BTC Price Trend Analysis】
1. Candlestick Pattern:
- Recent prices have fluctuated within the range of 96000 to 97000, forming a narrow consolidation pattern.
- On May 2 and May 3, there were some long upper shadows, indicating significant resistance above.
2. Technical Indicators:
- MACD: The current MACD is at a high level but shows signs of flattening, which may indicate a weakening momentum in the short term.
- RSI: The RSI value is close to 60, not entering the overbought zone, suggesting that there is still some room for the market to rise, but caution is needed regarding the risk of a pullback.
- EMA: EMA7 and EMA30 have both crossed above EMA120, indicating that the medium to long-term trend remains upward, but the short-term EMA7 has begun to flatten, requiring attention to subsequent trend changes.
3. Trading Volume:
- Recent trading volume has decreased, especially on May 3, indicating a decline in market participation.
【Buy and Sell Points】
- Buy Point One: 95000 USDT (Reason: Near previous low, integer support level)
- Buy Point Two: 94000 USDT (Reason: Further decline to a stronger support area, close to the April 30 low)
- Long Stop Loss Point: 93500 USDT (Reason: Key support lost after breaking below Buy Point Two)
- Sell Point One: 97500 USDT (Reason: Recent high resistance area, integer resistance level)
- Sell Point Two: 98500 USDT (Reason: After breaking Sell Point One, the upper space opens up, close to the May 1 high)
- Short Stop Loss Point: 99000 USDT (Reason: Confirmation of the upward trend after breaking Sell Point Two)