BTC Market Analysis and Trading Suggestions (Written at 5:52)

The current price of Bitcoin is nearly 107,000. After the U.S. stock market closed higher, it attempted to break through 108,000 but faced resistance and retreated. The current price remains in a high-level consolidation phase, reflecting a weakening upward momentum in the market after the previous rebound. Both bulls and bears are in a tug-of-war state. In the short term, the price may hover around the current high of 108,000, with a risk of a short-term pullback to seek support, especially if the key resistance at the 17th high of 108,900 proves difficult to break. The key support level below is around the last 4H middle band at 106,300. If it breaks below this, it may further retract to the lower band support at 103,800. Additionally, signals such as a top formation, TD "9", and three black crows further increase the likelihood of a short-term pullback.

In the medium term, the upward trend remains intact, and the current adjustment is more likely to be a phase correction. However, if it breaks below the important support area, a reassessment of the overall market trend will be necessary. The suggestion for short-term trading is to operate around the 4H Bollinger Bands upper band. When the price touches the resistance level of 108,630.95 and fails to break through, consider entering a short position. Wait for a pullback to confirm support below 104,000 before looking for buying opportunities. Recently, the TD sequence "9" was triggered, indicating potential short-term pressure, and attention should be paid to whether an adjustment signal will form. In the KDJ, the K line and D line are retreating from high levels, while the J line is quickly moving down, indicating increasing short-term adjustment pressure, and it needs to be observed whether it will continue to cross downwards. In the MACD, the green bars are continuously shortening, and the distance between the DIF and DEA lines is reducing, indicating weakening bullish momentum. The market may enter a state of consolidation and decline, and one should guard against the formation of a death cross leading to a strong pullback. The RSI is slightly above 50, and a short-term downward movement may enter the overbought zone. In the Bollinger Bands, the K line is running between the middle and upper bands, but there are obvious signs of convergence, with the top pressing down. If it breaks below the middle band support, long positions need to be further adjusted.

Sell Point: ≥107,800 short, stop loss at 109,000; take profit at 106,500-105,500-104,000; if it breaks below 103,800-103,500, you can continue to hold.

Buy Point: ≤104,000 long, stop loss at 103,300; take profit at 105,000-106,300; if it breaks above 106,500, you can hold until above 107,500.

The article review and push have delays; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions!

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