#btc Recent Price 109739.13 (Overall in a sideways trend, with prices fluctuating around MA(30), market trading is light)

In the short term, the price range may continue to fluctuate between 106600.64 (support level) and 110228.11 (resistance level). Currently, trading volume is low, and market sentiment is cautious. If there is no significant increase in trading volume in the short term, the probability of price breaking out of the range is small.

Recommendation:

Short-term investors can conduct range trading by combining support and resistance levels, considering buying near the support level and appropriately reducing positions near the resistance level. However, it is necessary to control positions to prevent the risk of false breakouts.

Long-term investors can observe and wait for the price to break through the resistance level of 110228.11 to establish a clearer direction before taking action.

Pay attention to changes in trading volume; if significant volume accompanies the breakthrough of key levels, it may signal a trend reversal or continuation, allowing for trend-following operations.

Technical Analysis

Candlestick Pattern: Red Three Soldiers indicate upward momentum, recent formation of a flat top (resistance level) and flat bottom (support level), with frequent contestation between bulls and bears in the sideways trend.

MA: MA7 and MA30 entangled indicate a stable short-term trend, a golden cross occurred leading to an increase, but the current market is in a consolidation range.

Volume: Trading volume is sluggish, with strong cautious sentiment; recent attempts to break out with increased volume were unsuccessful, and attention should be paid to the future impact of trading volume changes on trends.

Potential Buy/Sell Points

Buy Point: 109600 USDT (Close to the recent low support area, and MA(30) provides support, there is a possibility of a rebound.)

Long Stop Loss Point: 109400 USDT (If it falls below the recent low support, it may continue to decline, requiring a stop loss to exit.)

Sell Point: 110200 USDT (Close to the previous high point of 110228 resistance level, facing selling pressure risk.)

Short Stop Loss Point: 110300 USDT (If the price breaks through the key resistance level of 110228, and the high point is confirmed to be broken, a stop loss is required to exit.)

This interpretation is for reference only. You can switch cycles, quickly interpret candlestick charts, and generate detailed analyses!