Current Market Data
According to the latest K-line data, BTC is trading at 104,715.97 USDT in the current trading session. Let's consider the details of the time frames:
| Time frame | Open price | Close price | Lowest | Highest | Volume |
|-----------------|--------|----------|-----------|----------|------------|
| 00:00-04:00 | 105,298.71 | 104,927.83 | 104,869.35 | 105,478.46 | 77.27 BTC |
| 04:00-08:00 | 104,927.11 | 104,695.53 | 104,413.89 | 105,044.91 | 51.58 BTC |
| 08:00-current | 104,697.12 | 104,715.97 | 104,652.93 | 105,156.31 | 20.72 BTC |
Technical Analysis
2.1 Important Price Zones
- Strong support zone: 104,400 - 104,600 USDT (has been tested in the 04:00-08:00 session)
- Nearby resistance zone: 105,150 - 105,200 USDT (touched in the current session)
- Important resistance: 105,480 USDT (peak in the last 24 hours)
2.2 Short-Term Trends
Bitcoin is in a state of accumulating fluctuations with narrow amplitude. Trading volume has gradually decreased over sessions indicating that the market is waiting for a new catalyst to clearly define the trend.
2.3 Price Patterns
- Forming a rising wedge pattern on the 4-hour chart
- RSI is in the neutral zone (around 48-52) indicating no strong selling/buying pressure
- MACD is showing signs of reversal from the negative zone
Trading Strategy
3.1 Buy Order:
- Entry target: 104,400 - 104,600 USDT (support zone)
- Take profit 1: 105,150 USDT (+0.5%)
- Take profit 2: 105,480 USDT (+0.8%)
- Take profit 3: 106,000 USDT (+1.3%)
- Stop loss: 103,900 USDT (-0.7%)
3.2 Sell Order:
- Entry target: 105,150 - 105,200 USDT (resistance zone)
- Take profit 1: 104,600 USDT (-0.5%)
- Take profit 2: 104,400 USDT (-0.8%)
- Stop loss: 105,700 USDT (+0.5%)
Factors Affecting Trade Orders
1. CLARITY bill hearing: Results may suddenly change market trends in the coming hours
2. U.S. employment data: Expected to be released this weekend, will affect overall financial market sentiment
3. ETF cash flow: Monitor the amount of BTC flowing in/out of ETF funds in the past 24 hours
Risk Management Suggestions
- Risk:reward ratio should be maintained at 1:2
- Do not use leverage above 3x under current market conditions
- Allocate no more than 5% of capital for each trade order
Bitcoin is technically positioned for a long-term upward trend, but in the short term, it needs accumulation time. The best strategy is to wait for prices to touch clear support/resistance zones before entering orders, while closely monitoring news and market fluctuations.
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