The recent price of BTC has entered a consolidation phase after a notable increase, showing an overall upward trend, but the momentum is slowing.

In the short term, the market is in a phase of adjustment or wait-and-see. Although the bullish arrangement of the EMA indicator suggests an overall upward trend, the weakening momentum of the MACD and StochRSI indicates that prices may face the risk of consolidation or correction. The TD custom indicator signals short-term overbought conditions, making it easy for prices to adjust.
Suggestion: With resistance near the current level of 105847.0, investors may consider taking some profits, especially after a significant pullback to the support level around 98588.6, where they can reassess entry opportunities. Short-term fluctuations may not be large, so it is advisable to pay attention to key resistance and support levels to guard against price adjustment risks. Due to the lack of a clear one-sided trend in the market, short-term trading should remain cautious, operating under a sideways consolidation approach.
1; Technical Analysis
1; K-line patterns: The doji pattern appears, indicating that the trend may reverse or enter a consolidation phase, while the spinning top pattern shows resistance near 105847.0.
2; StochRSI: It is in a neutral to high position, with the main line and signal line showing a flat trend. The weakening of short-term momentum suggests a correction or wait-and-see.
3; MACD: The weakening red bars indicate a decrease in momentum, with the DIF line above the DEA line, but the proximity of the two lines suggests a decline in momentum.
4; EMA: The short-term EMA shows a bullish arrangement, indicating an upward trend, with recent prices maintaining strong support near the short-term EMA line.
5; TD Indicator Oscillation Strategy: After the overbought signal appears, the market enters a sideways consolidation, indicating that the price may face a risk of correction.
2; Potential buy and sell points
1; Buy-in point: 98588.6 USDT (price is close to EMA21 support, short-term upward trend may continue)
2; Long stop-loss point: 96500 USDT (If it falls below EMA21, it effectively confirms the trend reversal risk)
3; Sell Point: 105847 USDT (close to recent highs, facing significant resistance in the short term)
4; Short stop loss point: 107000 USDT (Confirm the trend continues upward after effectively breaking the high point)
Three; ApexTrade is a professional platform that aggregates precise data on digital currencies, AI intelligent algorithms, and in-depth market analysis to provide users with a professional decision-making basis, making trading simpler.