Brothers watching BTC, Uncle Feng will explain the detailed analysis strategy this afternoon
BTC Bullish Market Tonight: Concise Analysis and Rational Strategy
In the short-term games of the crypto market, 'seeing the trend + controlling risks' is key. Combining technical signals and capital movements, here is the core analysis for the bullish market tonight:
1. Technical Analysis: Bullish signals are clear, support levels are crucial
• On the four-hour chart, BTC's mid-term rising channel is intact, stabilizing after a pullback to $110,000; hourly line breaks through the $111,000 resistance, forming a 'bullish engulfing' pattern, with MACD golden cross and increasing red bars, short-term bullish momentum is online.
• Need to pay attention to the support zone of $110,500 - $111,000: If it stabilizes with decreased volume after a pullback, it is a signal for low absorption; if it breaks down with increased volume, be wary of a short-term correction.
2. Fundamental Analysis: Institutional + Macro Double Support
1. ETF funds providing support: Currently, the spot BTC ETF scale has reached $60 billion, with circulation reduced by 3.5 times, institutions like BlackRock continue to increase their holdings, and long-term supply pressure is evident.
2. Favorable macro environment: The probability of a Federal Reserve rate cut in September is over 90%. Historical data shows that easing cycles often drive BTC to rise significantly, and the current environment shows similarities.
Uncle Feng sees bullish near $112,800−$112,600, with a target of $114,200−$115,500.
However, the crypto market changes rapidly; when operating, be sure to control risks and set reasonable stop-losses.
