====================== From the daily chart perspective, the price has broken through the key level of the Fibonacci line at 0.618 and has climbed to the top of the ascending flag pattern. This position is significant, attracting many to attempt short positions. The main reason is that the higher-level trend has entered an extremely overbought state, with reversal signals beginning to emerge, and the main funds may exit at any time, triggering a price adjustment. ====================== Further observation of the daily chart details reveals a significant price fluctuation range, with a maximum reaching 97850 and a minimum dipping to 96385. In terms of technical indicators, the MACD shows a top divergence but is still increasing, while the DIF and DEA indicators continue to expand upwards, indicating that the bulls still have some strength; the K-line extends upwards relying on the Fibonacci retracement line, the Bollinger Bands open upwards, with the upper band rising to 100000 and the lower band holding near the 90000 mark, resulting in a range span of ten thousand points, suggesting that there is considerable room for future fluctuations. ====================== 🌹2-Hour and 4-Hour Level Technical Analysis ====================== Switching to the four-hour chart perspective, BTC is in an ascending flag pattern. This pattern is typically a continuation pattern within the price trend, indicating that after a brief consolidation, the price may continue the original upward trend. The upper resistance level focuses on the resistance zone above 98000, where a large amount of previous trapped orders and profit-taking orders have accumulated, creating a barrier to price appreciation; the lower support level is at 96000, and if the price retraces to this level, it is expected to find support and stabilize. ======================= The technical indicator MACD continues to expand in volume, indicating that bullish funds are continuously entering the market; the DIF and DEA indicators have formed an upward golden cross and are spreading, further strengthening the bullish signal. Overall, in the short term, BTC still has upward momentum, and the intraday trading strategy remains primarily focused on buying the dips. ======================= #sol##virtual##sui##eth##btc#
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🌹1. Daily chart Technical Analysis + Chande Theory Diagram Teaching Lesson 20👇
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From the daily chart perspective, the price has broken through the key level of the Fibonacci line at 0.618 and has climbed to the top of the ascending flag pattern. This position is significant, attracting many to attempt short positions. The main reason is that the higher-level trend has entered an extremely overbought state, with reversal signals beginning to emerge, and the main funds may exit at any time, triggering a price adjustment.
======================
Further observation of the daily chart details reveals a significant price fluctuation range, with a maximum reaching 97850 and a minimum dipping to 96385. In terms of technical indicators, the MACD shows a top divergence but is still increasing, while the DIF and DEA indicators continue to expand upwards, indicating that the bulls still have some strength; the K-line extends upwards relying on the Fibonacci retracement line, the Bollinger Bands open upwards, with the upper band rising to 100000 and the lower band holding near the 90000 mark, resulting in a range span of ten thousand points, suggesting that there is considerable room for future fluctuations.
======================
🌹2-Hour and 4-Hour Level Technical Analysis
======================
Switching to the four-hour chart perspective, BTC is in an ascending flag pattern. This pattern is typically a continuation pattern within the price trend, indicating that after a brief consolidation, the price may continue the original upward trend. The upper resistance level focuses on the resistance zone above 98000, where a large amount of previous trapped orders and profit-taking orders have accumulated, creating a barrier to price appreciation; the lower support level is at 96000, and if the price retraces to this level, it is expected to find support and stabilize.
=======================
The technical indicator MACD continues to expand in volume, indicating that bullish funds are continuously entering the market; the DIF and DEA indicators have formed an upward golden cross and are spreading, further strengthening the bullish signal. Overall, in the short term, BTC still has upward momentum, and the intraday trading strategy remains primarily focused on buying the dips.
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#sol# #virtual# #sui# #eth# #btc#