Bitcoin has made a breakthrough rise ahead of the key Federal Reserve interest rate decision, with the market at a critical juncture of a long-short game.
The current primary resistance is in the range of $94,000 to $95,000, with $94,500 being the upper Bollinger Band pressure level, and $95,000 being a psychological barrier and the 0.618 Fibonacci level (corresponding to previous declines); if it can effectively break through, the next target will point to the range of $98,000 to $100,000.
Daily level: The MACD indicator continues to show increased volume, with the DIF and DEA lines pushing upwards towards the zero axis, forming a strong continuation pattern after a golden cross; the KDJ indicator shows a bullish arrangement, although it is close to the overbought area, no turning signal has appeared yet; the candlestick has broken through the upper Bollinger Band, with an expanding trend, indicating strong bullish momentum.
Four-hour level: The Bollinger Band is expanding upwards, and the price continues to operate near the upper band; the MACD red bars are maintaining a high level, with good volume support; the RSI indicator is currently in a neutral to bullish range at 52, with no obvious overbought pressure, still having upward elasticity.
12.10
Bitcoin: 92,000-91,500, target 92,600-94,700 stop loss 91,000$BTC
