BTC Technical Analysis: Oscillation Accumulation, Upward Trend Unchanged
Short-term Trend:
During the day, the hourly level maintains a downward oscillation. After a brief dip following the US stock market opening, the price quickly rebounded, completely aligning with yesterday's prediction. The current price remains firmly above 110000, indicating strong market support.
Daily Signal:
The candlestick formed a small bullish line with a long lower shadow, indicating that bulls still dominate.
The MA30 moving average has shifted from flat to rising, supporting the continuation of the trend.
The MACD has completed a return above the zero line, with bearish momentum weakening, and a golden cross has formed between the fast and slow lines.
Key Assessment:
The MACD golden cross signal mentioned yesterday has been fulfilled, and the daily level rebound has been officially established. In the absence of sudden negative news:
All hourly level pullbacks are normal technical corrections.
The upward target clearly points to the 120000 mark.
Important Price Levels:
Resistance Zone: 120400-130000 (breaking through will open up greater space)
Support Levels: 106000→101260→97670→95860→93410 (stair-step defense)
Operational Strategy:
Trend traders should continue to hold coins and wait for price increases. In the short term, one can seize the opportunity to increase positions at support levels during pullbacks. Pay close attention to the breakout strength of the 120000 key psychological level; if it stands firm with increased volume, it will trigger a new round of buying momentum.
(Note: All analysis is based on the current market environment; sudden news may change technical patterns, so please manage risk appropriately)
