【#Bitcoin 4-Hour Market Watch | December 10 08:03#】
📈 Market in a Nutshell:
BTC has 'propped up' around $92,700, rising 2.28% in 4 hours, breaking previous stagnation. The current price is above the critical moving averages, with short-term momentum strengthening.
🔍 Core Indicator Breakdown:
1. Price is running near the upper band of the Bollinger Bands: Current price 92,725, above the middle band (90,869), and challenging the upper band at 93,472. This is a positive short-term bullish signal, indicating that the market has moved away from the bottom consolidation range.
2. MACD has formed a clear golden cross: DIF (536.93) has clearly crossed above DEA (235.74), forming a golden cross, and the MACD histogram is positive (301.18). This confirms the end of the short-term downtrend, with bullish momentum starting to take the lead, which is an important bullish signal.
3. Trading volume significantly expanded: The current trading volume (25.22K) is significantly higher than the 5-day and 10-day averages (3.41K, 3.11K), representing a healthy pattern of 'price increase with volume increase,' indicating that the rise is recognized and driven by funds.
4. KDJ and RSI are in a strong zone: KDJ (K:66.04, D:64.52, J:69.08) and RSI (6-day:63.13) have both entered a strong zone but have not yet entered overbought territory, indicating that there is still room for the rise, and the current trend is healthy.
5. Facing pressure at the upper Bollinger Band: The price is approaching the upper Bollinger Band (93,472), which is the first strong resistance in the short term; breaking through it in one go may be difficult and could trigger volatility.
📍 Key Positions and Thoughts:
• Core Resistance: $93,472 (Upper Bollinger Band). Breaking through here will further open up the upside.
• Core Support: $90,869 (Middle Bollinger Band & Bull-Bear Dividing Line). As long as the price remains above this line, the short-term bullish pattern will remain intact.
• Operational Thoughts:
◦ Current Situation: With the support of a MACD golden cross and increasing volume, the short-term trend has turned bullish. However, since the price is near the upper resistance, it is not advisable to chase higher directly.
◦ Bullish/Holding: For existing positions, you can continue to hold, with a stop-loss set below 90,869. For those without positions, a more prudent strategy is to wait for the price to pull back and stabilize in the 91,500-92,000 area, or to wait for a breakout above the 93,472 resistance level followed by a retest confirmation before considering entry.
◦ Bearish/Alert: The main risk lies in 'encountering resistance and falling back.' If the price shows significant stagnation around 93,472, with long upper shadows or large bearish candles, it may pull back to test support near 92,000. Currently, shorting is not recommended.
（Personal analysis for reference only; the market carries risks, and investment should be cautious!）
