Bitcoin Trend Analysis Today

The overall trend of BTC remains positive. Focus on fundamentals and the Fed’s rate cut progress. A short-term pullback requires momentum to build, and the weekly chart signals the start of a new uptrend.

1-Hour Chart: The trend continues its stair-step decline, and bearish sentiment remains intact. While indicators haven’t yet shown a clear divergence, the golden cross and high trading volume suggest the market is consolidating at a low level, insufficient to trigger a rebound. Meanwhile, a three-line bottoming pattern is forming. While it appears to be resistance, it could break through again at any time. We still recommend a high short position for the day.

Upside Resistance: 111,000-120,000
Downside Support: 108,500-107,500