Analysis of BTC's daily chart, with the current price at 100,914.33 USDT. Combining technical indicators and candlestick trends, I will conduct a detailed analysis from the aspects of trends, moving averages, trading volume, etc.:
1. Moving Average (EMA) Analysis:
• EMA(7): 98,952.74
• EMA(25): 97,475.13
• EMA(99): 87,315.25
The moving averages show a bullish arrangement, with the short-term EMA(7) having crossed above the medium-term EMA(25) and being far above the long-term EMA(99). This is a typical signal of an upward trend, indicating that bullish forces are dominant. The current price is far above all key moving averages, indicating that the market is in a strong state, but a certain pullback may occur in the short term.
2. Support and Resistance Levels:
• Recent support level: 97,028 USDT (close to EMA(25))
• Strong support level: 90,500 USDT (the position where the previous B-point signal appeared)
• Recent resistance level: 102,724 USDT (24-hour high)
From the chart, the price has shown significant resistance near 108,353 USDT and has not been able to break through effectively. The current pullback may be a short-term adjustment after being blocked, but as long as it does not break below the key support levels (EMA(25) and EMA(99)), the overall trend remains bullish.
3. Volume Analysis:
Overall, the trading volume shows a shrinking trend, indicating that the market may currently be in a wait-and-see state, with insufficient momentum for a breakout in the short term. However, if there is a volume increase after a low trading volume pullback, it can confirm a new round of upward trend.
4. Indicator Analysis (MACD, RSI, etc.):
Although the MACD and RSI indicators are not fully displayed in the chart, based on the current price structure and moving averages, it is expected that the MACD has formed a golden cross, indicating that the market has entered a bullish trend. The RSI may be approaching the overbought zone, and caution is needed for pullback pressure in the short term.
5. Summary and Future Trend Prediction:
Short-term trend (1-3 days):
• It is expected that the price will fluctuate in the range of 97,000-102,000 USDT, waiting for a new market direction.
• If the price can effectively break through 102,724 USDT, it may challenge the previous high of 108,353 USDT again.
Medium-term trend (1-2 weeks):
• As long as the price does not break below the support of EMA(25) or 97,000 USDT, the overall trend remains upward.
• If the trading volume expands and breaks through the previous high, the target price can be seen at 110,000 USDT and above.
Risk Warning:
• In the short term, caution is needed for the risk of a pullback below 97,000 USDT. If it breaks below, it may test the strong support level of 90,500 USDT.
• If the trading volume continues to shrink, the upward momentum may be insufficient. It is recommended to pay attention to market dynamics and macro news about Bitcoin.
Operational Suggestions (not investment advice):
• Short-term investors: Can accumulate positions around 97,000-98,000 USDT, with a stop-loss set below 96,000 USDT.
• Medium to long-term investors: The current pullback is a good opportunity to add positions. As long as the price does not break below EMA(99), one can continue to hold bullish.