Today’s Bitcoin Trend Analysis

Bitcoin continues its strong upward trend. The daily chart shows consecutive days of gains, forming a clear upward trend. The hourly chart showed a strong upward trend just this morning, and remains within a high range. The hourly MACD histogram continues to increase in volume, strengthening bullish momentum. The daily MACD fast and slow lines are diverging upward, indicating a strong medium-term trend. The hourly RSI has entered overbought territory (80.40), suggesting possible short-term correction pressure. The daily RSI remains near 70, indicating a strong market. The hourly EMA7, EMA30, and EMA120 are all bullish, with the price consistently trading above the EMA7, providing strong support. The daily EMA also maintains a bullish pattern, further confirming the upward trend. In the short term, the price is expected to break through its previous high and set a new all-time high.

Bitcoin short-term trading strategy:
Long at 121,200
Short at 127,500