#BTC Recent price performance is fluctuating upwards, overall trend is in a healthy state, but faces certain resistance in the short term.
In the short term, the market is in a phase of consolidation, with insufficient short-term momentum, and may continue to consolidate near key moving averages.
Technical Analysis
Candlestick Pattern: On June 29, a bullish three soldiers pattern appeared, which is a strong bullish signal.
Alligator: The three lines of the indicator are converging, the market is in a phase of consolidation, and the trend direction is still unclear.
MA: Long-term moving averages (MA30, MA60) are trending upwards, the overall market is healthy, but the short-term fluctuation lacks direction.
EMA: EMA(144) and EMA(169) are trending upwards, the market is developing steadily, but short-term prices face pressure.
BOLL: Bollinger Bands are narrowing, the market is consolidating, short-term volatility is weakening, and the bullish advantage is relatively weak.
Daily Trendline: Suppressing trend, the suppression is clear, looking bearish in the future.
Candlestick Trend Pattern: Yesterday, a bearish engulfing pattern appeared on the daily chart, indicating a turning point, short-term outlook is bearish.
Support: 106500
Resistance: 108300
