Crypto Circle Expert: The Bitcoin (BTC) range tug-of-war continues at 8.6, can we see the true market dynamics through level charts? Latest market analysis and operation suggestions explained

　　The current price of Bitcoin is 64600. Currently, the market has not shown a strong one-sided trend; most of the time it has been fluctuating within a range, with both bulls and bears repeatedly harvesting retail investors. Many people always think about catching a big rise or fall, always wanting to buy at the bottom and sell at the top, but they end up being slapped in the face repeatedly. In fact, in a volatile market, chasing prices is the worst mistake; don’t let the red and green of short-term K lines affect your mindset. Clearly see the larger framework before taking action, and don’t be misled by false breakouts in the market. The current price is 64650; this is the stage of range-based speculation. It’s crucial to manage your positions well and set stop-losses—this is more important than betting on direction. Don’t fantasize about getting rich overnight; surviving in the market is the priority.

　　The daily K line is oscillating above the moving average system. The EMA15 and 30 form short-term support, while the 60/90 period moving averages still have some downward pressure. The MACD indicators DIF and DEA are gradually turning upwards below the zero axis, with column momentum mild and no strong increase in volume. The Bollinger Bands continue to narrow, with upper resistance at 66274 and lower support at 62514. The key upper resistance level is at 72620, and the strong lower support level is at 58030. The daily level is in a rebound repair stage after a big drop and has not fully turned into a bullish trend; during the rebound process, it may face selling pressure at any time. The larger level is still in a pattern of oscillation and bottom building. One should not blindly be bullish; a rebound encountering resistance still carries the risk of a pullback.

　　The four-hour K line is stabilizing above several EMA averages, with short-term averages forming support. The Fibonacci 23.6% level at 63882 has become recent support. The MACD red column continues to hold; both lines are operating above the zero axis, indicating that bullish short-term momentum still exists, but the red columns are not continuously expanding, and the upward momentum is beginning to slow down. The Bollinger Bands are slightly opening upwards, with mid-line support at 63701 and upper resistance at 64820. The four-hour structure shows an upward oscillation, but the 38.2% Fibonacci level at 67503 is important resistance, with multiple attempts failing to break effectively. The short-term trend is biased towards a strong oscillation; after a rise, it is likely to see a pullback, so it is not suitable to chase buys at high levels; waiting for a pullback to support would be a more cautious approach.

　　Short-term reference:

　　If the price does not break below 63900 to 63500, look north, with a stop-loss at 63000 and a target of 65500 to 66500.

　　If the price does not break above 67000 to 67500, look south, with a stop-loss at 68000 and a target of 66000 to 65000.

　　Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The article may have a delay in publication; suggestions are for reference only, and risks are to be borne by the reader.

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