#BTC $BTC

Recent price fluctuations are near the moving average and running above the middle band of the Bollinger Bands, showing a trend of oscillating upward. There may be a retracement pressure when approaching the upper band.

In the short term, the price may enter a consolidation or adjustment phase to confirm the market trend direction. If the resistance level of 95975.43 is突破, it will further maintain the upward trend; if it falls below the support level of 91878.04, there will be a risk of a retracement.

Technical Analysis:

K-line Pattern: A doji pattern has appeared, showing a balance of bullish and bearish forces in the market, which may indicate a trend reversal; recently, a long-body candlestick has appeared, showing a strong unilateral force in the market.

EMA: The current price has broken through and stands above EMA(144) and EMA(169), indicating an improvement in market sentiment, and there may be further upward momentum in the short term.

BOLL: The price is above the middle band of the Bollinger Bands, but the upper band is starting to flatten, indicating weakened momentum and a possibility of market adjustment.

MA: The short-term moving averages MA(5) and MA(15) are attempting to form a golden cross, and if successfully formed, it will indicate that the market has entered a short-term upward phase.

Signal: The 6-hour signal clearly indicates a continued bullish outlook, and after a pullback, the bullish trend is evident.

Support: 93000-93500

Resistance: Around 97000 #加密市场回调