BTC
Today, the market is generally in a state of oscillation and tug-of-war. There is weak rebound momentum in the short term, but the overall trend has not yet escaped the downward channel. Specific indicator analysis is as follows:
Trend Indicators: The daily chart shows a three consecutive bullish candlestick pattern, with prices consolidating near the EMA15 trend line at 88700; the 4-hour EMA indicator is contracting, having previously shown an upward trend but was suppressed after multiple touches of the resistance level. Also, the opening of the EMA12 testing line in the Vegas channel continues to widen without turning, indicating a passive upward trend. The previously formed downward channel has not been broken, and both the 20-period and 50-period moving averages still constitute short-term resistance.
On the daily chart, the MACD has shrunk after forming a golden cross between DIF and DEA, releasing a weak bullish signal in the short term. However, this indicator has been operating in the negative region for a long time, and the overall downward momentum has not yet fully exhausted. In the 4-hour MACD indicator, DIF and DEA show divergence, and KDJ has formed a death cross, but prices are consolidating at high levels, reflecting a significant divergence between bulls and bears at the current price level, with the main force hesitating and observing near the 90000 mark.
Regarding the Bollinger Bands, the resistance on the daily Bollinger Bands is at 89500 USD, with support at the lower band at 84850 USD. The current price is oscillating in the middle of the Bollinger Bands, with volatility relatively stable. $BTC
