#BTC $BTC

In the short term, the market price shows narrow fluctuations, technical indicators indicate that bearish momentum is weakening, while bullish momentum has not significantly increased, and the short-term trend may continue to maintain a volatile state. Additionally, various moving averages and indicators suggest that there is strong support and resistance in the market, and a relatively balanced state may persist until a further directional choice appears.

Technical Analysis

Candlestick Pattern: A “doji” pattern has appeared, indicating a balance of power between bulls and bears, and a possible trend reversal in the short term.

MACD: The histogram is shortening below the zero axis, indicating a weakening of bearish strength or a potential trend reversal signal.

Alligator: The three lines are converging, and the market is entering a consolidation phase, waiting for a directional choice.

MA: MA5 and MA15 are merging and flattening, suggesting that short-term price fluctuations are stabilizing, with a strong market wait-and-see sentiment.

EMA: EMA144 and EMA169 show a steady upward trend, indicating a bullish medium-term trend with strong support.

BOLL: The Bollinger Bands are converging, with the middle line slightly inclined upwards, indicating market consolidation and waiting for a directional breakout.

Trendline support is also near the current price level.

Support: Around the current price of 104,000

Resistance: Around 107,000