BTC, after a continuous surge, is currently consolidating at a high level. At present, 97,000 has become the core price point for the bulls and bears to compete, with significant selling pressure around 98,000.
From a four-hour analysis, although the MACD shows a bullish alignment, the histogram is beginning to shrink, indicating that short-term upward momentum is weakening and a technical correction should be watched for. The Bollinger Bands are opening upward, with the upper band at 97,800 forming a strong resistance, and the lower band at 94,500 coinciding with previous support levels.
Based on this market condition, a pullback can be expected from the high levels. The trading suggestion is as follows: consider short positions around 96,800 - 97,400, with targets sequentially at 95,500 and 94,500. $BTC $GT $ETH #中文Meme币热潮 #GateTradFi使用体验
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BTC, after a continuous surge, is currently consolidating at a high level. At present, 97,000 has become the core price point for the bulls and bears to compete, with significant selling pressure around 98,000.
From a four-hour analysis, although the MACD shows a bullish alignment, the histogram is beginning to shrink, indicating that short-term upward momentum is weakening and a technical correction should be watched for. The Bollinger Bands are opening upward, with the upper band at 97,800 forming a strong resistance, and the lower band at 94,500 coinciding with previous support levels.
Based on this market condition, a pullback can be expected from the high levels. The trading suggestion is as follows: consider short positions around 96,800 - 97,400, with targets sequentially at 95,500 and 94,500. $BTC $GT $ETH #中文Meme币热潮 #GateTradFi使用体验