1. Review of Yesterday's Market
From yesterday's trend, BTC is generally showing a pattern of fluctuating upward, steadily breaking through the 98500 level, and once approaching the 99300 area. From the 4-hour and 1-hour candlestick charts, it can be observed that BTC has formed a strong support point earlier (around 97500), and with the gradual increase in trading volume, it has broken upward.
From the perspective of technical indicators:
MA Moving Average: Short-term moving averages (7-day, 30-day) are operating above the longer-term moving average (100-day) and maintaining a bullish arrangement, especially the 30MA in the 4-hour chart clearly serves as dynamic support.
BOLL Indicator: The Bollinger Bands show that the price is operating in the upper-middle range, with no significant deviation, indicating a relatively healthy trend.
MACD Indicator: In the 4-hour chart, the DIF line and DEA line continue to diverge upwards, and the histogram continues to expand, indicating that bullish momentum remains strong.
2. Core Logic for Today's Operations
Short-term Logic: Current technical indicators show strong bullish momentum, and there is potential for further upward challenges in the short term; it is recommended to follow the trend.
Risk Prevention: Although market sentiment is positive, caution should be exercised regarding the pressure level near 100000. If the breakout fails, it may lead to a short-term correction, retracing to the 97500 or even 97000 area.
Dynamic Adjustment: Pay attention to the changes in the 1-hour MACD and trading volume performance. If bullish momentum weakens, take profits and exit in a timely manner.
3. Today's Market Prediction and Trading Suggestions
Based on comprehensive technical analysis and yesterday's trend, BTC may continue to attempt to challenge the 100000 integer mark today, but upward pressure is gradually manifesting, and the risk of weakening bullish momentum needs to be cautious. In the short term, we will adopt a cautiously bullish strategy while setting key support and stop-loss levels to cope with possible market corrections.
Support and Resistance Analysis:
First Support Level: 98500 (converted to support after yesterday's breakout)
Second Support Level: 97500 (dynamic support and BOLL middle track)
First Resistance Level: 99300 (yesterday's high point and upward pressure)
Second Resistance Level: 100000 (integer mark and psychological pressure level)
Trading Strategy:
Entry Range: 98500-98700
First Take Profit Level: 99300
Second Take Profit Level: 100000
Stop-Loss Level: 98200
Today, BTC is expected to continue yesterday's upward fluctuating trend, with prices likely fluctuating between 98500-99300, looking towards the 100000 mark after a breakout. It is recommended that investors adopt a prudent strategy, dynamically adjusting operations based on support and resistance levels. Pay attention to setting take-profit and stop-loss levels to strictly control risks.
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