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#数字货币市场回升 $BTC Night market technical analysis review:
Looking at the market trend, Bitcoin is currently consolidating after a decline. Want to continue pushing upward? First, let's see if the volume supports it. The segment in the white box clearly shows a decrease in volume while rising—how long can this state last? Typically, when prices rise on low volume, they will also fall back on low volume; without an increase in volume, it simply cannot sustain further space.
Looking at the RSI indicator again, it has already floated into the overbought area. What does this mean? Short-term pullback pressure is accumulating.
Where is the key level? As long as the defense line of 89756 is maintained, the consolidation structure within the white box will not be damaged. Once it is lost, first check whether the range of 89171-88253 can hold; if it cannot hold, we will have to retest the neckline area - which is around 86100.
Looking up? If it can break through the upper edge of the consolidation, I can see the extreme position at 92561-93781. Higher? I can't see any signals for now.
To be honest, falling from 107,000 to 80,000, do you expect to pull it back just by the fluctuations of these two days? The time cost is not enough. Unless a heavyweight positive news appears, this level of recovery requires a longer period of accumulation.
I actually don’t hope for a surge right now. It would be best to oscillate a few more days above 90,000 and build up energy to exert force next week. The long march has just begun; if all the energy is used up at once, what will be used to charge forward later?
🚀 Operation Reference:
- After the volume breakthrough at 91789, chase the long position on the right side, with quick entry and exit for short-term trades.
- 91324 volume breaks down and fails to recover, opportunity to short on the right side.
- Hourly level: Break and hold above 91868 to look for 92427-93226; if it can't hold above 91868, don't chase.
- 4-hour level: Break below 90055 to see 89151-88247, if it cannot quickly recover after breaking, then admit defeat.
🚀 Let's talk about a technical detail:
The four-hour level has already risen above the EMA20 and EMA50 moving averages. According to the logic of moving averages, the resistance above is at EMA200, corresponding to a price of 97669. The white box position has seen five consecutive bullish candles; if there are two more, it will form the "Seven Stars in a Row" pattern, and the 8th candle often shows a significant increase in volume. (, although the next three are just my speculation. 😊 ).
Everyone pay attention, can we get 2 more bullish candles before midnight tonight to form seven consecutive bullish candles? If it happens, go long directly and then do whatever needs to be done.
$BTC