BTC Technical Analysis

Weekly Level: Currently in a consolidation phase during an upward process. The trading volume in the past two weeks has increased compared to the previous rise, and we need to be cautious of the risk of a trend reversal at high levels. If it cannot break through the consolidation range, a directional choice may occur, and changes in volume need to be closely monitored.

Daily Level: Range Consolidation: Still in the $12,000 - $11,600 box consolidation. Trading volume has noticeably shrunk in the last 3 days, and upward momentum is weakening. Key Signal: On July 25, a long lower shadow with increased volume appeared, indicating profit-taking at high levels but not forming a continuous decline.

Key Reversal Point: If it stabilizes above $12,000 with increased volume, it may initiate a new round of upward movement and challenge previous highs. If it breaks below MA30 ($11,480), it may temporarily test the support at $10,780. If there is still no significant upward breakthrough in the next two days, we need to be cautious of downside risks.

4-Hour Level: Short-term Pressure: $11,950 - $12,050. If it fails to rise and falls back, it may test the support below.

Key Support Below: $11,800 - $11,750 (if it breaks, watch for $11,600 support)

Operational Suggestions: In the short term, look for consolidation. If it rebounds to $11,950 - $12,050 and faces pressure, consider light short positions with a stop-loss at $12,100 and a target of $11,700 - $11,600. If it breaks below $11,750, pay attention to the support situation at $11,600, as breaking this level may accelerate the downward movement. #山寨季來了？