Strategy Name

Intraday Trend Following + Support Testing Strategy

Strategy Description

Based on short-term moving average death cross and support level testing, combined with volume confirmation, capturing intraday trend continuation opportunities

Holding Period

Minutes to hours

Key Indicators

RSI

5-day Moving Average

10-day Moving Average

Candlestick Patterns

Support and Resistance

Technical Indicators

RSI:

48.3

MACD:

Bearish momentum continues, MACD histogram continues to decline

Volume:

Recent trading volume has decreased without significant breakout signs

Moving Averages:

5-day moving average crosses below 10-day moving average, forming a death cross, short-term trend is weak

Detailed Analysis

Current BTC price is in a short-term downtrend, candlesticks show consecutive bearish candles, breaking below multiple short-term moving averages, indicating strong selling pressure. RSI is at 48.3, not yet in the oversold zone, but close to the lower bound of the neutral range, suggesting weakening momentum. There is a slight rebound near the key support level around 89400, but no effective reversal pattern has formed. The resistance level in the 89600-89800 area has been repeatedly obstructed, constituting strong pressure. Volume continues to decrease, indicating reduced market participation and a lack of breakout momentum. Short-term trading should be cautious, waiting for clear reversal signals or confirmation of resistance breakout before taking action.