BTC Afternoon Market Analysis and Trading Strategy
The current BTC price is approximately 113250, positioned above the key support zone, while constrained by the key resistance level of 114100, showing a short-term range-bound fluctuation.
From the technical perspective of the 4-hour chart, the Bollinger Bands are in an upward stretching pattern, with the upper band at 116560, and the middle band providing support at 113700. The price is operating above the middle band, indicating a short-term bias towards bullishness. The MACD indicator shows green bars expanding again, with the DIF and DEA reopening upwards after a brief convergence, suggesting a strengthening of short-term upward momentum, but continuous observation is needed to see if the price can stabilize at high levels.
In terms of trading strategy, it is recommended to continue building long positions around 113000-112500, with the initial target at 114000, and if broken, to continue looking at 114800, with a defensive position set at 112100 to control risk. $BTC
