【Today we're updating the daily trend for $BTC
1. Candlestick Pattern:
- Recent candles show an oscillating upward trend, with prices rising from a low of 87225 to the current 92058.
- The recent high of 92275 is close to the psychological resistance level of 92500, possibly forming short-term resistance; support is found near the previous low of 90504.
2. Technical Indicators:
- MACD: Both DIF and DEA are above the zero line, with the histogram shrinking, indicating weakening momentum, yet still in a bullish zone.
- RSI: The current RSI is 57, not entering overbought territory, suggesting room for further upside.
- EMA: EMA7 (91328) > EMA30 (90451), indicating a short-term moving average crossing above the medium-term one, showing bullish dominance; however, there's a significant gap with EMA120 (97240), indicating a bearish long-term trend.
3. Volume:
- Overall volume has decreased, dropping from 20674 on January 5, 2026, to the latest 3338, indicating reduced market activity.
- Volume surged during the sharp rise phase, but has now returned to normal levels; caution is advised for the next directional move.
Currently, the market is primarily ranging sideways.
$ETH $SOL holding spot assets normally.