5.5 Bitcoin Price Trend Analysis

The daily K-line reached a high of 96,300 and a low of 95,200. If the daily K-line pulls back and does not break 95,800, it will close in the red, with consecutive red candles continuing to push downward. The EMA15 trend line has reached 93,300, and it is expected to continue stretching to provide the first support point for the K-line. According to the current trend, a short-term downward movement is expected, but the larger trend indicators still have not finished alternating upward expansion. After testing the key support, a short-term upward movement will still come unless negative news triggers a reaction. The MACD shows a continuous top divergence with increasing downward volume, and the DIF and DEA are contracting at high levels.

From a short-term perspective, if 95,200 cannot be held, a wave of decline will follow; if it is maintained, a rebound will occur. Everyone should be prepared for both scenarios!

Trading Suggestions:

Buy Bitcoin at 94,800-95,200, with a target range of 96,000-97,000. If it breaks, look at 97,500.