📌BTC/USDT 4-Hour Trend Analysis: High-Range Consolidation, Waiting for Direction Choice
🔹Overall Trend
BTC entered a consolidation phase after rising to $105,000, currently fluctuating in the range of $102,000 to $105,000. The battle between bulls and bears is evident, and the market lacks a clear direction. It is in a short-term oscillation pattern, while still leaning bullish in the medium term.
🔹Moving Average System
Short-term Moving Average (10-day): Tending horizontally, indicating a weakening of short-term momentum.
Medium-term Moving Average (30-day): Still trending upward, providing certain support to the price.
Long-term Moving Average (60-day): Steadily rising, maintaining a bullish trend.
📌 Conclusion: Short-term oscillation does not change the medium-term bullish trend; if it breaks above $105,000 with volume, a new round of upward movement will begin.
🔹Structural Analysis
Pattern Analysis:
The current consolidation range is clear, with $105,000 as a key resistance. Once broken, it may look towards $108,000 to $110,000.
The lower level of $102,000 serves as important support; if it breaks below, it may retest around $100,000.
Support and Resistance:
Support Levels: $102,000 (short-term), $100,000 (strong support).
Resistance Levels: $105,000 (short-term), $108,000 (upper target).
🔹Volume-Price Relationship Analysis
Current trading volume has shrunk, indicating a strong wait-and-see sentiment in the market.
If it breaks above $105,000 with volume, it will release bullish momentum; conversely, breaking below $102,000 may trigger short-term selling.
🔹RSI (Relative Strength Index) Analysis
RSI(14) is currently at 50.33, showing a neutral to weak bias.
If it breaks above 55, it will confirm a return of bullish momentum; falling below 45 will expand bearish advantages.
🔹Summary
📉 Market Trend: Short-term consolidation, medium-term still leaning bullish.
📊 Key Support: $102,000 (short-term), $100,000 (medium-term).
📈 Key Resistance: $105,000 (breakout bullish), $108,000 (continuation of strength).
🎯 Strategy Suggestions:
✅ If it breaks above $105,000 with volume, consider following the trend to look at $108,000+.
✅ If it retests $102,000 and stabilizes, consider a low buy.
✅ If it loses $102,000, proceed with caution as it may retest $100,000.
Overall, BTC is still in a high-level consolidation, waiting for further choices from bulls and bears, and monitoring changes in trading volume is key.