12.4 20:30 Analysis of BTC 4-hour Short-term Personal View
From the 4-hour chart, Bitcoin is currently in a typical high-level consolidation phase, with prices operating within a clear upward channel. The overall structure still leans towards strength, but in the short term, both bulls and bears are in a stalemate.
The most notable feature of the current market is the balance between bulls and bears, with prices oscillating repeatedly around $93,000. This position appears to be quite tangled, representing a typical left-side trading area. The two key moving averages in the chart, MA5 and MA10, are intertwined, with prices moving between them, further confirming the market's lack of clear unilateral momentum.
For the future market direction, attention should be focused on the breakout of key points. The core resistance zone above is between $95,500 and $96,000, which is the upper pressure area of the current upward channel. If prices cannot effectively break through this area, it may form a medium-term bearish opportunity. On the contrary, if a strong breakout occurs, upward space will be opened again.
The support below looks towards the middle track of the channel, specifically the $91,200 to $90,700 range. Considering the recent influx of market information, especially the upcoming monetary policy meeting on the 10th, significant volatility is expected to revolve around this event. Therefore, the possibility of a rapid drop and an effective breach of support in the short term is relatively low.
In terms of trading strategy, reference can be made to key levels for positioning, regardless of bullish or bearish; a stop loss of about 1500 points should be set after entering the market to control risk. In summary, the market is in a stage of accumulation before direction selection, and investors should remain patient, closely monitor the breakout signals of resistance and support areas, and then act accordingly. @俊子爱币
