4-hour price trend: Bullish
The big coin is unknowingly approaching 100,000, and people in the circle are not excited at all. Most people probably bet on altcoins. I remember last year's big coin at 100,000, Ethereum at 3900, SOL at 220, and now it's still the big coin standing out.
1. Overall Analysis
Recent price of 99463.43 shows an overall upward trend, especially with a noticeable increase in recent times.
In the short term, multiple indicators suggest that the market may continue to rebound and rise. Among them, the MACD shows a gradually established bullish trend, RSI is in overbought territory, but market sentiment remains optimistic, and trading volume reflects that market participants are still actively involved. However, potential correction pressure should be noted, especially since the RSI overbought condition may lead to short-term fluctuations.
Recommendation: Given the price trend and indicator analysis, close attention should be paid to price behavior at the resistance level of 109588.00 and changes in trading volume to guard against sudden corrections. For risk-averse individuals, it is advisable to wait for the price to break through and stabilize above previous highs before entering. During this period, be aware of potential short-term adjustment signals in the trend.
2. Technical Analysis
Candlestick pattern: A red three soldiers pattern appears, reinforcing the bullish signal, and the short-term trend continues to rise.
MACD: The DIF line is above the DEA line, momentum is strengthening, and the bullish trend is gradually being established.
RSI: Currently in an overbought state, with a value of 81.95, facing potential correction pressure.
VOLUME: Trading volume has significantly increased, the market remains active but sentiment has eased somewhat.
MA: MA7 crosses above MA30, establishing a short-term upward trend with prices above the moving average.
Last month, I suggested buying during the correction, waiting for 110,000, GOOO!!!
$BTC
