🔥 1. Daily level technical analysis + entanglement diagram teaching lecture 👇 20


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From the daily chart, the price has broken through the key level of the Fibonacci retracement line at 0.618, climbing to the top of the ascending flag pattern. This position is significant, attracting many people to try short positions. The main reason is that the higher-level trend has entered an extreme overbought state, with reversal signals emerging, and the main funds may exit at any time, triggering a price adjustment.
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Further observation of the daily chart details shows a clear price fluctuation range, with a high reaching 97850 and a low dipping to 96385. In terms of technical indicators, the MACD shows a top divergence but is still increasing upward, and the DIF and DEA indicators continue to expand upward, indicating that the bulls still have certain strength; the candlestick chart extends upward relying on the Fibonacci retracement level, the Bollinger Bands are opening upward, with the upper band rising to 100000 and the lower band holding firm around the 90000 mark, indicating a range span of ten thousand points, suggesting that there is significant room for future fluctuations.
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🔥 2. Four-hour level technical analysis
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Switching to the four-hour chart perspective, BTC is in an ascending flag pattern. This formation is typically a continuation pattern in a price trend, indicating that after a brief consolidation, the price may continue its original upward trend. The upper resistance level focuses on the resistance zone above 98000, where a large amount of previous trapped positions and profit-taking orders have accumulated, posing an obstacle to the price's upward movement; the lower support level is at 96000, and if the price retraces to this level, it is expected to find support and stabilize.
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The MACD technical indicator continues to show increasing volume, indicating that bullish funds are continuously entering the market; the DIF and DEA indicators have formed a golden cross upwards and are expanding, further strengthening the bullish signal. Overall, in the short term, BTC still has upward momentum, and the intraday trading strategy remains focused on buying on dips.
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#sol# #virtual# #sui# #eth# #btc#
BTC-0.13%
SOL-2.64%
VIRTUAL-8.92%
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Chungovip
· 05-04 12:18
hi
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YufuYuuo1vip
· 05-03 05:43
Hold on tight, we're taking off To da moon 🛫
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