Bitcoin Trend Analysis Today

BTC Weekly Chart: The weekly trend remains healthy. Focus on fundamentals and the progress of the Fed’s rate cuts. We expect intraday consolidation.

Daily Chart: The daily chart shows conflicting signals—short-term momentum remains strong, and the daily MACD bearish histogram continues to lengthen, indicating continued long-term downward pressure.

Four-Hour Chart: Short-term rebound momentum is clearly insufficient, with the MACD showing increased volume. A strong break above the MA30 resistance level is needed to break the current weak trend. In the short term, we recommend shorting at high levels.

Upper Resistance: 115,500-116,500
Lower Support: 110,500-109,500