Chart: BTCUSDT – 4-hour frame (Binance)
Bitcoin is currently fluctuating within a narrow accumulation price range, with the main trend still leaning towards medium-term upward. However, technical signals indicate the possibility of a short-term correction appearing soon.
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1. Overall trend:
BTC continues to remain in a stable upward price channel, with the EMA 9, 34, and 89 maintaining an upward order. Prices are above the Ichimoku cloud, indicating that the upward structure remains intact. However, buying pressure has clearly weakened as it approaches the resistance area of 96,800–97,500.
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2. Signals from technical indicators:
• Ichimoku: Prices maintain above the cloud, the future cloud is thick and sloping upwards → strong support remains at the 94,000–94,800 area.
• Stochastic RSI (84,18,9): Cutting down from the overbought area (~79), indicating a short-term reversal signal.
• MACD (26,52,9): The MACD line is still above the signal line, but the histogram is narrowing → indicating weakening upward momentum. If the MACD crosses down, the bearish signal will be reinforced.
• Bollinger Bands (20,2): Prices are fluctuating within the upper band, but there are no signs of a breakout. The band is starting to narrow → indicating a consolidation phase or a potential strong movement ahead.
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3. Notable price areas:
• Nearby resistance: 96,800–97,500
• Nearby support: 94,800–95,200 (EMA 34 + Ichimoku cloud edge)
• Strong support: 93,000–93,500 (EMA 89 + Bollinger Bands lower band)
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Conclusion:
The medium-term upward structure is still present, but short-term correction signals are becoming clear. Monitoring price reactions around the 94,800 area will be key to determining whether BTC will continue to recover or reverse for a deeper test. In the short term, caution should be exercised with high leverage positions.
