The following is relevant information regarding the short-term technical indicator repair for Bitcoin (BTC):
1. Technical Indicator Repair and Rebound Momentum: Bitcoin (BTC) after dipping to around 106,700 in the early morning, the technical indicators are correcting. The 4-hour RSI has exited the oversold area, the MACD green bars have begun to appear, and the fast and slow lines are narrowing, indicating a significant weakening of downward momentum. If the price can stabilize above 108,800, the KDJ is likely to form a golden cross, further confirming the short-term bullish trend.
2. Short-term Momentum Divergence and Support Pressure: There is a divergence in short-term momentum for BTC, and the consolidation range of 107,200–107,420 will determine the intraday direction. The price is below EMA9/21 and VWAP, with Stoch nearing oversold levels, potentially facing a rebound opportunity, but the short-term trend remains bearish.
3. Technical Adjustment Demand and Consolidation: Bitcoin is currently near the lower Bollinger Band, indicating a certain technical adjustment demand. The KDJ indicator shows a downward trend, while the MACD indicator indicates signs of increasing bearish momentum. It is expected that Bitcoin will continue to maintain a high-level consolidation.
4. Short-term Trading Suggestions: Intraday support is at 107,000–107,500, with resistance above at 110,500–111,200. The daily structure of Bitcoin shows a strong step-like upward trend, and after a series of four consecutive bullish candles, it formed a doji, indicating that the market is in a consolidation correction phase. A low-buy strategy on pullbacks is recommended.
5. Short-term Trading Experience: Short-term trading is recommended to refer to technical indicators (such as MA, RSI, Bollinger Bands, etc.), choose the appropriate buying timing, and set clear profit and stop-loss points, strictly executing them.
Overall, the short-term technical indicators for BTC show a clear need for repair. It is currently in a consolidation phase, and it is recommended to pay attention to key support and resistance levels, adopt a low-buy strategy on pullbacks, and be mindful of risk control.