Current Trend Analysis (Combined Daily + 1-Hour Chart)
Daily Level:
Price has pulled back near EMA60 and stopped falling, with multiple lower shadows indicating effective support below. Currently, a small bullish candle has formed, but overall it remains in a high-level consolidation area;
MACD is below the zero line, with the two lines parallel, showing no obvious volume divergence in the short term;
Trading volume has decreased, indicating limited active selling pressure below, with more of a wait-and-see sentiment;
1-Hour Level:
Price has just broken through the EMA60 resistance around 106200 but is once again facing pressure, resulting in a pullback;
After the MACD's bullish crossover at a low level, momentum has slowed, and there is a high possibility that the short-term correction is coming to an end;
Currently, the overall formation resembles a "V-shaped rebound + flag consolidation" pattern, but the right shoulder has not yet formed a new high;
The 106600~106800 range is a short-term resistance zone. It is not advisable to aggressively chase highs before a significant volume breakout.
Trading Strategy Recommendations
Bullish Strategy:
Entry Point: Consider entering light long positions when prices stabilize near 104200
Stop Loss Position: Below 103000 (if broken, the short-term structure will deteriorate completely)
Take Profit Target: 106000-106500 range
Bearish Strategy:
Entry Point: You may try short positions when encountering resistance in the 106500-106800 range
Stop Loss Position: Above 107800 (if broken, quickly stop loss and withdraw short positions)
Take Profit Target: 104400 - 103000
Summary of Operation Suggestions:
Current price is located in the mid-axis consolidation area, and market volume has not increased, making the risks of chasing highs and lows higher;
You may wait for the price to approach key levels of 106500 or 104200;
If BTC still struggles to stay above 106800 in the next 24 hours, the bullish structure may pause, entering range consolidation or even weakening;
(Does not constitute investment advice)