The current BTC shows complex technical characteristics in the 4-hour cycle.
Although the moving average system presents a bullish arrangement, and the golden cross has formed a strong bullish resonance, the extreme contraction in trading volume has led to a divergence between price and volume, limiting further upward potential.
In addition, the price is near the upper Bollinger band, and the RSI is in overbought territory, indicating that market sentiment is overheated, presenting potential pullback risks. Absolutely avoid chasing long positions, focus on short positions in the 17500-117000 range, and watch for the 115600-114600 range, with a defense at 117800.
