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Bitcoin has reached 120,000!
Yes, Bitcoin (the main coin) just set a new historical high again on July 14, officially breaking through the 120,000 USD mark, reaching as high as 123,205 USD during the day, with an intraday increase of over 4%.
Core driving factors behind this round of increase:
1. U.S. 'Crypto Week' legislative expectations: This week, the U.S. Congress will review three key bills (CLARITY Act, anti-CBDC Act, and GENIUS Act). The market expects a clear regulatory framework for crypto assets, boosting investor confidence.
2. Institutional funds continue to flow in: Bitcoin ETF saw a net inflow of over 2.7 billion USD in a single week, with total assets under management reaching 151 billion USD. Institutions like MicroStrategy are still 'buying coins like crazy.'
Core driving factors behind this round of increase:
1. U.S. 'Crypto Week' legislative expectations: This week, the U.S. Congress will review three key bills (CLARITY Act, anti-CBDC Act, and GENIUS Act). The market expects a clear regulatory framework for crypto assets, boosting investor confidence.
2. Institutional funds continue to flow in: Bitcoin ETF saw a net inflow of over 2.7 billion USD in a single week, with total assets under management reaching 151 billion USD. Institutions like MicroStrategy are still 'buying coins like crazy.'
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Can ETH break through the $3000 barrier in one go?
Whether ETH can break through the key resistance level of $3000 in one go still carries considerable uncertainty, and needs to be judged from multiple dimensions:
1. Technical Analysis: The key resistance area has not been effectively broken.
1. Short-term resistance: Currently, ETH faces strong resistance near $2879. If bulls cannot effectively break through, it may pull back to the 20-day EMA ($2561) or even lower.
2. Pattern verification: Although a 'bullish flag' has formed on the daily chart, it needs to stabilize above the support level of $2470 to continue rising; otherwise, it may drop to $2300.
3. Psychological level: $3000 is not only a round number but also a key resistance since 2022, with multiple historical attempts failing.
1. Technical Analysis: The key resistance area has not been effectively broken.
1. Short-term resistance: Currently, ETH faces strong resistance near $2879. If bulls cannot effectively break through, it may pull back to the 20-day EMA ($2561) or even lower.
2. Pattern verification: Although a 'bullish flag' has formed on the daily chart, it needs to stabilize above the support level of $2470 to continue rising; otherwise, it may drop to $2300.
3. Psychological level: $3000 is not only a round number but also a key resistance since 2022, with multiple historical attempts failing.
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Bitcoin Sets New High Again, How Will Other Coins Fare?
Bitcoin (BTC) reached a new historical high again on July 10, 2025, with prices surpassing $111,300, an intraday increase of over 2.3%. This is another significant milestone following its first breakthrough of the $100,000 mark in November 2024.
The main driving factors behind this round of increases include:
1. Continued institutional inflows: The ongoing purchases by Bitcoin ETFs and institutions like MicroStrategy are considered key forces driving BTC from $70,000 to over $100,000.
2. Strong technicals: A 'bullish engulfing' pattern has appeared on the daily chart, with the 120-day moving average about to cross above the 200-day moving average, indicating a clear bullish trend.
The main driving factors behind this round of increases include:
1. Continued institutional inflows: The ongoing purchases by Bitcoin ETFs and institutions like MicroStrategy are considered key forces driving BTC from $70,000 to over $100,000.
2. Strong technicals: A 'bullish engulfing' pattern has appeared on the daily chart, with the 120-day moving average about to cross above the 200-day moving average, indicating a clear bullish trend.
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ETH Strengthens Bullish Market
Ethereum (ETH) has recently shown clear signs of bullish strength, with multiple technical indicators and market sentiment supporting the possibility of further price increases:
1. Technical analysis supports a bullish trend
1. Strong trend structure: The strong rebound of ETH since April 7 indicates that the previous decline may have reversed, and it is currently in a weekly level rebound structure that is not yet complete. After a short-term adjustment, it is expected to continue challenging the $3000 level.
2. Expectations for breaking key resistance: ETH has broken through a key trend line, and if it can effectively break above the 200-day simple moving average (around $2600) and hold, it will lay the foundation for a challenge toward $3000 or even higher (such as $3500).
1. Technical analysis supports a bullish trend
1. Strong trend structure: The strong rebound of ETH since April 7 indicates that the previous decline may have reversed, and it is currently in a weekly level rebound structure that is not yet complete. After a short-term adjustment, it is expected to continue challenging the $3000 level.
2. Expectations for breaking key resistance: ETH has broken through a key trend line, and if it can effectively break above the 200-day simple moving average (around $2600) and hold, it will lay the foundation for a challenge toward $3000 or even higher (such as $3500).
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Currently, Bitcoin (BTC) is in a high-level consolidation phase, with momentum insufficient after multiple attempts to break through high levels (such as 110,000), resulting in a pullback and entering a state of oscillation and consolidation. From a technical perspective, BTC has been ranging at high levels for over a week, lacking upward momentum, but the support below remains strong, presenting an overall stalemate situation. The candlestick chart frequently shows long upper shadows, indicating that the market is still waiting for a direction to choose.
Meanwhile, market sentiment is clearly lacking. Although the price remains high, trading activity has decreased, volatility has narrowed, and investor sentiment is becoming cautious, even leading to the situation where "the price is high, but the sentiment is even lower than when it was at $3,000." This state of low sentiment often indicates that the market may soon welcome a turning point.
However, some analysts point out that the current consolidation of BTC may belong to the 're-accumulation phase' in the Wyckoff technical analysis model. If this phase continues, there may be opportunities for an upward breakout in the future. Additionally, the continuous decline in exchange reserves also indicates that holders' confidence remains, and BTC is gradually flowing out of exchanges, which may provide support for subsequent price increases.
In summary, BTC is currently in a state of high-level consolidation and low sentiment, with unclear direction in the short term. However, from a technical structure and capital movement perspective, there may still be a possibility of directional breakthroughs in the future. Investors need to closely monitor changes in trading volume and breakthroughs of key support/resistance levels.
Meanwhile, market sentiment is clearly lacking. Although the price remains high, trading activity has decreased, volatility has narrowed, and investor sentiment is becoming cautious, even leading to the situation where "the price is high, but the sentiment is even lower than when it was at $3,000." This state of low sentiment often indicates that the market may soon welcome a turning point.
However, some analysts point out that the current consolidation of BTC may belong to the 're-accumulation phase' in the Wyckoff technical analysis model. If this phase continues, there may be opportunities for an upward breakout in the future. Additionally, the continuous decline in exchange reserves also indicates that holders' confidence remains, and BTC is gradually flowing out of exchanges, which may provide support for subsequent price increases.
In summary, BTC is currently in a state of high-level consolidation and low sentiment, with unclear direction in the short term. However, from a technical structure and capital movement perspective, there may still be a possibility of directional breakthroughs in the future. Investors need to closely monitor changes in trading volume and breakthroughs of key support/resistance levels.
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ETH has been consolidating for a long time and will break through
The following is relevant information about ETH's consolidation and breakthrough around the $2500 mark:
Consolidation situation
- Price performance: ETH is consolidating around $2500, having attempted to breach this level multiple times without effectively holding. For instance, on July 1, it briefly surpassed $2500 before retreating to around $2470. In May, it also briefly reached $2600 after breaking $2500 but quickly fell back to the $2470-$2480 range.
- Market sentiment and trading volume: There is some divergence in the market within this price range, with opinions suggesting that ETH faces strong resistance at $2500, which may lead to a short-term pullback. At the same time, trading volume significantly increased as ETH approached $2500, mainly influenced by profit-taking and the existing supply in this price range.
Consolidation situation
- Price performance: ETH is consolidating around $2500, having attempted to breach this level multiple times without effectively holding. For instance, on July 1, it briefly surpassed $2500 before retreating to around $2470. In May, it also briefly reached $2600 after breaking $2500 but quickly fell back to the $2470-$2480 range.
- Market sentiment and trading volume: There is some divergence in the market within this price range, with opinions suggesting that ETH faces strong resistance at $2500, which may lead to a short-term pullback. At the same time, trading volume significantly increased as ETH approached $2500, mainly influenced by profit-taking and the existing supply in this price range.
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Bitcoin Bull Market Unabated
Current BTC (Bitcoin) Trend Analysis:
1. Fluctuating Upward Pattern: Recently, the BTC price has remained in the high fluctuation range of $106,000-$108,000, overall showing a 'volume contraction' characteristic, with no significant one-sided breakout, but the daily bullish trend remains unchanged, only the momentum has slightly weakened.
2. Technical Signals: RSI has retreated from the overbought area, MACD histogram height has narrowed significantly, a 'head and shoulders' pattern is forming on the 4-hour chart, and if it breaks the neckline (around $102,200) with increased volume, it may pull back to the $98,500-$100,000 range; if it dips to $100,000-$101,200 and shows a long lower shadow, it may trigger technical buying rebounds.
1. Fluctuating Upward Pattern: Recently, the BTC price has remained in the high fluctuation range of $106,000-$108,000, overall showing a 'volume contraction' characteristic, with no significant one-sided breakout, but the daily bullish trend remains unchanged, only the momentum has slightly weakened.
2. Technical Signals: RSI has retreated from the overbought area, MACD histogram height has narrowed significantly, a 'head and shoulders' pattern is forming on the 4-hour chart, and if it breaks the neckline (around $102,200) with increased volume, it may pull back to the $98,500-$100,000 range; if it dips to $100,000-$101,200 and shows a long lower shadow, it may trigger technical buying rebounds.
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ETH Yearly Line Stabilization, New Highs Expected
Based on the current technical, funding, and market sentiment of Ethereum (ETH), here is a brief analysis and key points regarding 'yearly line stabilization and new highs expected':
1. Key technical signals: Yearly line stabilization and trend breakthrough
- Yearly line (200-day moving average) stabilization: The current ETH price has stabilized above the 200-day moving average (approximately $2500), which is a key signal for the medium- to long-term trend shifting from weak to strong. Historically, breakthroughs of the yearly line often accompany trend-driven upward markets.
- Competition for key resistance levels: If ETH can further stabilize above $2685 (a resistance level tested multiple times recently), it will open up an upward channel, targeting the $3000-3400 range; if it breaks through $2850, it is expected to challenge $3000 and higher levels.
1. Key technical signals: Yearly line stabilization and trend breakthrough
- Yearly line (200-day moving average) stabilization: The current ETH price has stabilized above the 200-day moving average (approximately $2500), which is a key signal for the medium- to long-term trend shifting from weak to strong. Historically, breakthroughs of the yearly line often accompany trend-driven upward markets.
- Competition for key resistance levels: If ETH can further stabilize above $2685 (a resistance level tested multiple times recently), it will open up an upward channel, targeting the $3000-3400 range; if it breaks through $2850, it is expected to challenge $3000 and higher levels.
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BTC 7-day moving average recovers, bullish strength
BTC 7-day moving average recovers, bullish strength
Current Bitcoin (BTC) technical indicators present the following key signals supporting a bullish assessment:
1. 7-day moving average support is solid
The weekly level shows that BTC formed a large bullish candlestick last week, with the candlestick firmly above the 7-day moving average, indicating a strong overall trend. The daily level shows five consecutive small bullish candlesticks, with the candlestick pattern indicating bullish dominance in the short term.
2. Strong capital inflow and spot buying
Glassnode data shows that the 7-day simple moving average (SMA) of BTC's spot trading volume Delta (net spot buying) has recently turned positive, peaking close to $5 billion (May 13), indicating that both institutional and retail investors are driving spot buying, rather than purely leveraged trading. In addition, BTC's realized market cap has increased by $30 billion since April 20, reflecting stable investor confidence and continuous inflow of new capital.
Current Bitcoin (BTC) technical indicators present the following key signals supporting a bullish assessment:
1. 7-day moving average support is solid
The weekly level shows that BTC formed a large bullish candlestick last week, with the candlestick firmly above the 7-day moving average, indicating a strong overall trend. The daily level shows five consecutive small bullish candlesticks, with the candlestick pattern indicating bullish dominance in the short term.
2. Strong capital inflow and spot buying
Glassnode data shows that the 7-day simple moving average (SMA) of BTC's spot trading volume Delta (net spot buying) has recently turned positive, peaking close to $5 billion (May 13), indicating that both institutional and retail investors are driving spot buying, rather than purely leveraged trading. In addition, BTC's realized market cap has increased by $30 billion since April 20, reflecting stable investor confidence and continuous inflow of new capital.
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ETH 2500 pressure is quite significant
From the current market information, Ethereum (ETH) is indeed facing significant pressure around $2,500, as reflected in the following aspects:
1. Technical resistance and psychological thresholds
- $2,500 is a key technical and psychological resistance level. Recently, ETH has made multiple attempts to break through this level but has not been able to hold effectively, indicating strong selling pressure and profit-taking demand at this point.
- According to technical analysis, ETH needs to break through $2,542 with volume to further test higher resistance levels of $2,665–$2,719; otherwise, it may fall back to support levels of $2,466–$2,403.
1. Technical resistance and psychological thresholds
- $2,500 is a key technical and psychological resistance level. Recently, ETH has made multiple attempts to break through this level but has not been able to hold effectively, indicating strong selling pressure and profit-taking demand at this point.
- According to technical analysis, ETH needs to break through $2,542 with volume to further test higher resistance levels of $2,665–$2,719; otherwise, it may fall back to support levels of $2,466–$2,403.
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Bitcoin Needs Technical Adjustment
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.
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.
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BTC Struggles to Rise in the Short Term
BTC is struggling to rise in the short term for the following reasons:
Technical Analysis Aspects
- Key Resistance Level Suppression: BTC has encountered important resistance levels during its upward trend, such as around $105,457.44, with multiple attempts failing to break through effectively. The bears are firmly defending this area, and the bulls need to gather stronger energy to break through.
- Technical Indicator Adjustment Needs: After the previous rise, some technical indicators have entered overbought territory or issued warning signals such as divergence, indicating a depletion of short-term upward momentum. The market needs to undergo technical adjustments to repair overheating indicators and digest accumulated pressure.
Technical Analysis Aspects
- Key Resistance Level Suppression: BTC has encountered important resistance levels during its upward trend, such as around $105,457.44, with multiple attempts failing to break through effectively. The bears are firmly defending this area, and the bulls need to gather stronger energy to break through.
- Technical Indicator Adjustment Needs: After the previous rise, some technical indicators have entered overbought territory or issued warning signals such as divergence, indicating a depletion of short-term upward momentum. The market needs to undergo technical adjustments to repair overheating indicators and digest accumulated pressure.
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ETH 2500 Steadily Reaching a New High is Just Around the Corner
The following is an analysis of the viewpoint that 'ETH Ethereum is expected to reach a new high of 2500 at night':
Supporting Factors
- Technical Upgrades and Ecological Development: Ethereum's technical upgrades, such as the Pectra upgrade, will increase the staking volume, data capacity, and scalability, making it a high-throughput, low-cost smart contract platform. Its unparalleled ecosystem controls over half of the total value locked in DeFi, and the layer two networks continue to expand, establishing a solid foundation. With the widespread adoption of DeFi, NFTs, and Web3, the demand for ETH may further increase.
- Institutional Entry and Capital Inflow: Ethereum ETFs may be approved, and the crypto-friendly U.S. Securities and Exchange Commission (SEC) in 2025 will increase institutional adoption. Major players like BlackRock will continue to increase their tokenization efforts. BlackRock's iShares Ethereum Trust (ETHA) has maintained net inflows for 23 consecutive trading days and recently increased its holdings of Ethereum by $500 million, indicating institutions' long-term bullish outlook on ETH.
Supporting Factors
- Technical Upgrades and Ecological Development: Ethereum's technical upgrades, such as the Pectra upgrade, will increase the staking volume, data capacity, and scalability, making it a high-throughput, low-cost smart contract platform. Its unparalleled ecosystem controls over half of the total value locked in DeFi, and the layer two networks continue to expand, establishing a solid foundation. With the widespread adoption of DeFi, NFTs, and Web3, the demand for ETH may further increase.
- Institutional Entry and Capital Inflow: Ethereum ETFs may be approved, and the crypto-friendly U.S. Securities and Exchange Commission (SEC) in 2025 will increase institutional adoption. Major players like BlackRock will continue to increase their tokenization efforts. BlackRock's iShares Ethereum Trust (ETHA) has maintained net inflows for 23 consecutive trading days and recently increased its holdings of Ethereum by $500 million, indicating institutions' long-term bullish outlook on ETH.
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BTC Bitcoin Bullish Arrangement
Below is an analysis of the bullish arrangement and potential of BTC (Bitcoin):
Current status of bullish arrangement
- Short-term outlook: The market on June 17 showed that Bitcoin bulls once broke through to rise to $108,700, but from an hourly chart perspective, while the candlestick is in a unilateral arrangement, the Bollinger Bands are diverging, lacking parallel and sustained volume signals, making the upward foundation unstable. Morning trading requires high vigilance regarding the risk of price pullback.
- Mid-term outlook: Some analysts believe that Bitcoin has initiated a main upward wave similar to gold's trajectory, with various analysis frameworks pointing to above $120,000, and there will be significant investment opportunities in 2026, although there will be pullbacks in between.
Current status of bullish arrangement
- Short-term outlook: The market on June 17 showed that Bitcoin bulls once broke through to rise to $108,700, but from an hourly chart perspective, while the candlestick is in a unilateral arrangement, the Bollinger Bands are diverging, lacking parallel and sustained volume signals, making the upward foundation unstable. Morning trading requires high vigilance regarding the risk of price pullback.
- Mid-term outlook: Some analysts believe that Bitcoin has initiated a main upward wave similar to gold's trajectory, with various analysis frameworks pointing to above $120,000, and there will be significant investment opportunities in 2026, although there will be pullbacks in between.
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The $2200 position for ETH is crucial
The following is an analysis of whether ETH can form effective support around $2200 and rise:
Current Price Situation
According to data from June 24, ETH has fallen below $2200, currently quoted at $2195.350098, with the 24-hour increase narrowing to 0.44%.
Technical Analysis
- Moving Averages: According to data from bitgetapps.com, multiple moving averages for ETH show sell signals, such as EMA (10), SMA (10), EMA (20), etc., indicating that short-term and medium-term trends are unfavorable for ETH.
- Pivot Points: The support levels of its pivot point are S1 at 2125.31, S2 at 2022.41, and S3 at 1928.14, while the current price is approaching S1. If it cannot stop falling around $2200, it may further drop to S2 or lower.
Current Price Situation
According to data from June 24, ETH has fallen below $2200, currently quoted at $2195.350098, with the 24-hour increase narrowing to 0.44%.
Technical Analysis
- Moving Averages: According to data from bitgetapps.com, multiple moving averages for ETH show sell signals, such as EMA (10), SMA (10), EMA (20), etc., indicating that short-term and medium-term trends are unfavorable for ETH.
- Pivot Points: The support levels of its pivot point are S1 at 2125.31, S2 at 2022.41, and S3 at 1928.14, while the current price is approaching S1. If it cannot stop falling around $2200, it may further drop to S2 or lower.
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BTC Pullback to the 120-Day Line
According to market analysis on June 23, 2025, BTC began to rebound after dipping near the first support level during the night, indicating that the position around 98200 has temporarily held. However, the current trend of Bitcoin still has uncertainties, and investors need to approach cautiously.
Technical analysis
- The importance of the 120-day line: The 120-day moving average is an important bull-bear dividing line in the Bitcoin daily chart. In past bull markets, there have been very few instances where Bitcoin's price has dropped below this line, occurring only during the 2021 519 event and currently.
- Pullback and support: A pullback refers to a rebound after the price touches a support level during a decline. Bitcoin's pullback to the 120-day line may indicate the end of a short-term adjustment if strong support and rebound occur at this position. However, if the 120-day line fails to hold, the price may continue to decline.
Technical analysis
- The importance of the 120-day line: The 120-day moving average is an important bull-bear dividing line in the Bitcoin daily chart. In past bull markets, there have been very few instances where Bitcoin's price has dropped below this line, occurring only during the 2021 519 event and currently.
- Pullback and support: A pullback refers to a rebound after the price touches a support level during a decline. Bitcoin's pullback to the 120-day line may indicate the end of a short-term adjustment if strong support and rebound occur at this position. However, if the 120-day line fails to hold, the price may continue to decline.
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ETH stands above 2580 in the evening, this pullback has ended.
From a purely technical analysis perspective, ETH standing above 2580 in the evening does not fully confirm that this pullback has ended, and here is a detailed analysis:
Technical analysis aspects
- Significance of breaking key resistance: Above 2580 is a key resistance area. If ETH can effectively stay above 2580, it indeed releases a certain positive signal in the short term, indicating that there is some rebound potential and upward momentum in the market. Previously, this level had a certain suppressive effect on the price, and breaking through it means that bullish strength is increasing.
- Confirmation requirements for the breakout: To determine if the pullback has ended, attention must also be paid to the validity of the breakout. If it only briefly stays above 2580 without a significant increase in trading volume, it may just be a technical rebound rather than a trend reversal. Only when the price stays above 2580 and can maintain stability at that level, along with an increase in trading volume, is it more likely to signal the end of the pullback.
Technical analysis aspects
- Significance of breaking key resistance: Above 2580 is a key resistance area. If ETH can effectively stay above 2580, it indeed releases a certain positive signal in the short term, indicating that there is some rebound potential and upward momentum in the market. Previously, this level had a certain suppressive effect on the price, and breaking through it means that bullish strength is increasing.
- Confirmation requirements for the breakout: To determine if the pullback has ended, attention must also be paid to the validity of the breakout. If it only briefly stays above 2580 without a significant increase in trading volume, it may just be a technical rebound rather than a trend reversal. Only when the price stays above 2580 and can maintain stability at that level, along with an increase in trading volume, is it more likely to signal the end of the pullback.
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BTC large pie 60-day line has support
"BTC large pie 7-day and 30-day lines are about to converge; if it cannot hold in the short term, it will test the 60-day line" is a technical analysis viewpoint based on moving averages. Here is a detailed explanation for you:
Meaning of moving averages
- 7-day moving average: Reflects the average closing price of Bitcoin over the past 7 days, quickly capturing short-term price volatility trends. When the price is above the 7-day moving average, it indicates a bullish market; conversely, it indicates a bearish market.
- 30-day moving average: Compared to the 7-day moving average, the 30-day moving average considers a longer time span, filtering out some short-term market noise and more smoothly reflecting the medium-term price trend.
Meaning of moving averages
- 7-day moving average: Reflects the average closing price of Bitcoin over the past 7 days, quickly capturing short-term price volatility trends. When the price is above the 7-day moving average, it indicates a bullish market; conversely, it indicates a bearish market.
- 30-day moving average: Compared to the 7-day moving average, the 30-day moving average considers a longer time span, filtering out some short-term market noise and more smoothly reflecting the medium-term price trend.
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ETH 4-hour Stability
Based on current information, Ethereum (ETH) shows some stability in its 4-hour trend, but market sentiment and technical indicators still exhibit some complexity. Here’s an analysis of the current ETH 4-hour trend:
Technical Indicator Analysis
- Price Trend: The recent 4-hour candlestick shows that the ETH price has significantly increased compared to the previous day, with the last candlestick being bullish and the closing price higher than the opening price, indicating some upward momentum.
- MACD Indicator: The MACD histogram remains negative but is gradually shortening, indicating that the bullish forces are strengthening, and the market trend is not yet fully clear.
Technical Indicator Analysis
- Price Trend: The recent 4-hour candlestick shows that the ETH price has significantly increased compared to the previous day, with the last candlestick being bullish and the closing price higher than the opening price, indicating some upward momentum.
- MACD Indicator: The MACD histogram remains negative but is gradually shortening, indicating that the bullish forces are strengthening, and the market trend is not yet fully clear.
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BTC 4-hour retracement to 200-day line has support
According to the latest technical analysis, Bitcoin (BTC) has indeed shown certain support from the 200-day moving average in its 4-hour cycle trend. Here is a detailed analysis:
Technical analysis
- 200-day moving average support: Bitcoin's price shows certain signs of support near the 200-day moving average. For example, the analysis on March 5, 2025, indicated signs of seller exhaustion at the 200-day moving average support level, suggesting that the price may rebound. This indicates that the 200-day moving average can prevent further price declines to some extent.
- 4-hour cycle trend: In the 4-hour cycle, Bitcoin's price trend is relatively complex, but overall, the 200-day moving average does provide support in certain situations. For example, the analysis on March 20, 2025, pointed out that Bitcoin showed a series of bullish candlesticks in the 4-hour cycle, indicating certain upward momentum, while the 200-day moving average provided support during the retracement.
Technical analysis
- 200-day moving average support: Bitcoin's price shows certain signs of support near the 200-day moving average. For example, the analysis on March 5, 2025, indicated signs of seller exhaustion at the 200-day moving average support level, suggesting that the price may rebound. This indicates that the 200-day moving average can prevent further price declines to some extent.
- 4-hour cycle trend: In the 4-hour cycle, Bitcoin's price trend is relatively complex, but overall, the 200-day moving average does provide support in certain situations. For example, the analysis on March 20, 2025, pointed out that Bitcoin showed a series of bullish candlesticks in the 4-hour cycle, indicating certain upward momentum, while the 200-day moving average provided support during the retracement.
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