1. Overall Trend Analysis
From the candlestick patterns and moving averages in the chart, Bitcoin (BTCUSDT) has recently shown an upward trend. The price has broken through multiple moving averages, especially as the short-term moving average crosses above the long-term moving average, forming a golden cross situation. For example, MA(7) crosses above MA(25) and MA(99), indicating that bullish forces are in control, driving the price higher.
2. Key Price Analysis
- Current Price: The latest price is 105,309.5 USDT, equivalent to approximately 759,281.50 RMB, an increase of 2.17% from before. This increase indicates a strong bullish sentiment in the market, with demand pushing the price up.
- 24-Hour High and Low Prices: The highest price in the last 24 hours reached 105,522.0 USDT, while the lowest price was 102,706.6 USDT. The price fluctuation range is relatively large, indicating high market activity, with intense bullish and bearish competition, but ultimately the bulls hold a slight advantage.
3. Volume Analysis
The 24-hour trading volume is 90,699.353 BTC, with a transaction amount reaching 9.43 billion USDT. Meanwhile, the volume histogram below shows that recent trading volume has significantly increased. This means high market participation, with a large influx of capital pushing prices up, and the upward trend is strongly supported by volume, which may continue in the short term.
4. Trading Strategy Recommendations
- Short Term: Given the current upward trend and volume cooperation, consider going long on pullbacks. For example, if the price pulls back to near MA(7) and shows stabilization signals (such as small bullish candles, doji, etc.), a light position can be taken to go long, with stop-loss set below the recent low of 102,706.6 by a certain margin.
- Risk Control: Due to high market volatility, each trading position should not be too heavy, ideally controlled within 10% - 20% of total capital. Additionally, strictly execute stop-loss strategies; if the price trend does not align with expectations, promptly exit to avoid further losses.
