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

Today’s Bitcoin Trend Analysis

Bitcoin is currently trading at 120,400, and is range-bound. Neither technical indicators nor external factors provide a clear single directional driver. A golden crossover in the moving average system reinforces bullish momentum. The price is approaching strong resistance at 120,300, further increasing the difficulty of an upward breakout. The daily chart shows a strong upward breakout trend, but may face short-term correction pressure. The daily MACD remains bullish, with signs of weakening 2-hour momentum emerging. The overall EMA trend remains upward.

Short-term strategy reference:

Long position at 118,000
Short position at 121,000

Bitcoin Trend Analysis Today

From a technical perspective, Bitcoin’s daily chart shows a recent continuous price increase, with a large bullish candlestick formed yesterday, breaking through the previous range. The hourly chart shows a step-by-step upward trend, but there are signs of a slight pullback from the current high. The hourly DIF and DEA indicators in the MACD technical indicators are both above the zero axis, with the histogram shortening and momentum weakening. A bullish trend is evident on the daily chart, with continued volume growth. The hourly chart is in overbought territory near 75, suggesting potential for a short-term correction. The daily RSI is gradually entering strong territory, indicating an overall bullish trend. The hourly EMA7, EMA30, and EMA120 are all bullish, with the price consistently trading above the EMA7. The daily EMA system also maintains a bullish pattern, providing strong support. In the short term, a trend-following long position is the primary strategy.

Bitcoin Trend Analysis Today

The current price of Bitcoin is 113930. The BTC oscillation pattern remains unchanged, with the price fluctuating between key support and resistance. Technically, the bullish arrangement of the moving average system and the golden cross form a strong bullish resonance, indicating that market momentum has increased. The daily line quickly rose from 109630 to 113930, forming a large positive line, breaking through the previous oscillation range and showing a strong upward trend. Multiple consecutive positive lines with long lower shadows in the 2-hour period indicate that bullish forces are dominant, but there are signs of selling pressure at high levels. The MACD daily line is in a strong bull market; the 2-hour momentum is still bullish, and the EMA is in a bullish arrangement. Overall, the short-term trend has changed significantly, and following the trend is the main trend.

Bitcoin Trend Analysis Today

From a technical perspective, BTC recently formed a large bullish candlestick on the daily chart, signaling a strong bullish trend. On the hourly chart, BTC has seen a series of small, volatile bullish candlesticks at higher levels, suggesting some short-term upward pressure, but the overall trend remains positive. The hourly MACD indicator continues to show red bars and high trading volume, while both the DIF and DEA indicators are showing upward divergence, indicating strengthening market momentum. The daily RSI is at 66, indicating bullish market sentiment, strong short-term support, and a bullish long-term trend.

Today’s Bitcoin Short-Term Trading Strategy
Long around 113,000
Short around 115,400

Bitcoin Trend Analysis Today

From a technical analysis perspective, BTC has been steadily rising on the daily chart, with yesterday’s strong bullish candle breaking through the previous high, indicating strong bullish momentum. On the hourly chart, the price has been trending upwards with a series of higher lows and higher highs, maintaining a bullish trend in the short term. Technical indicators show that the hourly MACD histogram is positive and increasing in volume, with the fast and slow lines diverging upwards, indicating strong momentum. Today’s short-term trading strategy: Buy at 116000; Sell at 118500.

The Fed’s 25 basis point interest rate cut was in line with market expectations. Cryptocurrency prices initially fell but then rebounded. While the market had already anticipated this rate cut, the Fed’s overall easing cycle is not over, and the underlying logic remains unchanged. Furthermore, the Fed’s rate cut was not the primary driver of the recent rise in cryptocurrency prices. The US dollar index and US Treasury yields initially declined but then quickly rebounded. Geopolitical risks, such as the escalation of the Russia-Ukraine conflict, tensions in the Middle East, and the impact of the energy crisis and war in Europe, also contributed to supporting cryptocurrency prices.

Today’s Bitcoin Trend Analysis

Intraday Support: 114000-114500

Intraday Resistance: 116600-117200

Bitcoin market trading volume was sluggish over the weekend, with a significant decline in trading volume. Currently, Bitcoin is range-bound. Focus on the support level around 114500. If this support level stabilizes after a pullback, the current bullish trend is likely to continue. If the 4-hour candlestick chart successfully closes above 116600, the market could test or even break through the previous high.

Day Trading Plan:

Short between 116600-117200 and go long at support.

Bitcoin Trend Analysis Today

The daily chart shows three consecutive days of gains, while the hourly chart shows steady growth within a channel. While it broke through 116,600 points on Friday, it failed to continue. The BTC trend is shifting, and buying on pullbacks is the primary strategy.

A short-term pullback below the channel’s centerline at 115,500 points presents a good opportunity to go long. Set a stop-loss below the lower channel line at 113,800 points, with a target price of 117,200-119,000 points!

Bitcoin Trend Analysis Today

Yesterday’s CPI data was released in line with market expectations. While Bitcoin experienced brief periods of sharp fluctuations after the release, the price quickly recovered and avoided a sustained decline. This suggests the market is in the initial stages of a new trend. If the interest rate cut is implemented as planned, global liquidity will gradually improve, potentially attracting new capital allocations to risky assets, including cryptocurrencies. Watch for opportunities to buy low if the one-hour upward trend drops back to the middle line.

Today’s Bitcoin Trend Analysis

Weekly: The trend remains healthy. Focus on fundamentals and the Fed’s rate cut progress. Keep an eye on the CPI data this day. If it falls below expectations, the probability of continued upward movement is high, signaling the start of a new weekly uptrend.

Daily: The 30-day moving average has been successfully broken, with increasing volume. Short-term technical trends suggest a consolidation within the previous range of 117-120K. The short-term moving averages (MA7 and 14) have turned upward, and the green bar on the MACD indicator is increasing. The fast and slow lines have formed a golden cross and are extending upward, signaling a clear rebound.

4-Hour Chart: Bollinger Bands are opening upward, forming a breakout. The overall upward trend is relatively healthy, with each retracement lowering higher. Considering the evening’s CPI data, we recommend buying on pullbacks.

Upside resistance: 116,000-117,000
Downside support: 112,500-111,500