Bitcoin Four-Hour Chart

The current price is operating between the middle and upper bands of the Bollinger Bands, gradually approaching the middle band (116800). The Bollinger Bands are showing a narrow fluctuation pattern, with limited space between the upper band (118900) and the lower band (114400), indicating that the current market is in a consolidation phase. In the MACD indicator, the distance between the DIF line and the DEA line is narrowing, and the MACD red histogram is gradually shortening, suggesting that the upward momentum is weakening. In the KDJ indicator, the K line value and the D line value are at relatively high levels, with the J value turning down, indicating overbought pressure, and the signs of the indicators turning are evident. Additionally, the three-line values have formed a clear death cross signal, which may trigger a technical pullback.

Key Fibonacci retracement levels show that 121897 is a strong resistance level at 78.6%, and 119391 is the first resistance level at 61.8%. The current price is around 116300, fluctuating above the 38.2% support level of 116282, with the 23.6% position at 114444 forming strong short-term support. Within the range formed by the historical high of 123218 and the recent low of 111996, the price is facing a tug-of-war between bulls and bears. If the MACD indicator forms a death cross signal, combined with an increase in the MACD green histogram, and the KDJ death cross signal is confirmed, it may trigger a rapid pullback. Conversely, if the indicators turn upward again, there is a possibility of a second surge. Overall, the market is in a critical turning area, and it is essential to closely monitor changes in indicators and breakthroughs of key price levels.

In summary, the following suggestions are provided for reference:

Buy Bitcoin on a pullback to around 114700-115000, targeting 117600, with a stop loss at 114200.

Giving you a 100% accurate suggestion is not as valuable as providing you with the correct mindset and trend. After all, teaching someone to fish is better than giving them a fish; a suggestion may earn you a moment, but learning the mindset can earn you a lifetime! The focus is on the mindset, grasping the trend, and planning the market layout and position. What I can do is use my practical experience to help everyone, guiding your investment decisions and management in the right direction.

Written on: (2025-08-09, 00:50)

(Text - Master Says Coin) Disclaimer: Online publication has delays, and the above suggestions are for reference only. The author is dedicated to research and analysis in the investment fields of Bitcoin, Ethereum, altcoins, foreign exchange, stocks, etc., with years of experience in the financial market and rich practical operation experience. Investment carries risks, and caution is advised when entering the market. For more real-time market analysis, please follow the official account Master Says Coin for discussion and exchange.

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