#BTC再创新高

$BTC Perspective

Upward trend on the daily chart (bullish momentum is exhausted), future risks may be released on the daily chart

On the 4-hour chart, a new high has been reached, with divergence in the MACD yellow and white lines and momentum bars, currently hovering at high levels

In the period below 30 minutes, it is oscillating within a triangle; whether it is a continuation pattern of an upward movement needs to be verified after a breakout

Trading details: Consider entering long positions at the triangle breakout slope line and horizontal neckline, with the first target around 113000

Only consider short positions if it breaks below the slope line and the left low point neckline at 110300

From the perspective of wave theory, breaking the shape initiates the wave. Around 84000 is the starting point of the first wave, the third wave meets the 1.618 position of the first wave, and the fifth wave is currently oscillating above 1.382. If the price breaks upward on a smaller scale, there is a possibility of reaching 1.618, with the price around 113500 (matching with the first target after the triangle breakout)

If there is a downward adjustment or reversal in the next 4 hours, a top reversal candlestick pattern must appear (currently not present), so the bullish trend has not yet completely ended

The key price dividing line between bulls and bears is at 103000