BTC One Hour Chart Analysis

Technical Analysis

1. Short-term Trend

From the chart, we can see that BTC experienced a rapid decline after facing resistance above 118,000, hitting a low around 114,950, and is currently fluctuating near 115,300.

Bollinger Bands: The lower band has been breached, and the price is significantly deviated, indicating a demand for short-term pullback and correction.

MACD: The green bars continue to expand, and bearish momentum remains strong, but there are signs of an oversold condition.

Moving Average System: The candlestick has significantly broken below the middle band, indicating a bearish short-term trend.

2. Key Levels

Upper Resistance Level: 117,200—117,800 (previous middle band and areas of high trading volume).

Lower Support Level: 114,800 (previous low), with further support around 113,600.

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📰 News Impact

From a news perspective, the overall market risk sentiment is weak, combined with fluctuations in U.S. stocks and macro data, BTC is under noticeable pressure.

The outflow of main funds indicates short-term selling pressure, but extreme declines are often followed by corrective rebounds.

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Trading Strategy

Short-term Strategy:

1. If BTC stabilizes around 114,800—115,000 during a pullback, consider buying low with a target of 117,200—117,800. A break below 114,500 requires a stop-loss.

2. If it rebounds to the 117,200—117,800 resistance zone and encounters resistance, consider shorting with a target back to 115,000.

Medium-term Direction:

The bearish trend remains, and only a stable position above 118,500 can reopen upward potential.