2Mr. Coin in the Crypto Circle: 8.9 Bitcoin (BTC) Market Analysis Reference

From an overall trend perspective, the rhythm of this short-term counter-rebound is very clear, with the lows continuously rising. There is ongoing buying support from below, and the market continues to maintain net capital inflow, with large orders providing support. The fundamental situation for the bulls has not been damaged for the time being. The daily chart is generally in a state of strong repair, but as the price reaches previous resistance areas, the upward momentum has clearly slowed down, and high-level indicators have entered the overbought zone, increasing the risk of continuing to chase long positions.

The 4-hour cycle upward channel remains intact, with rapid recoveries after each slight pullback. The short-term main force has not exited the market. However, the MACD bullish momentum has begun to diminish, and the RSI is showing signs of fatigue at high levels, which means it is difficult for the market to achieve a continuous one-sided rise. The more likely scenario is for it to fluctuate back and forth after reaching highs, washing out short-term speculative positions before choosing a direction.

Short-term analysis is more intuitive; after a rapid surge testing the 65279 high, the market enters a sideways consolidation phase, with short-term indicators also at high levels. Continuing to break upwards requires new incremental capital support; if the volume cannot keep up, a short-term pullback is likely. We should pay close attention to the 64700 level for short-term support; holding here keeps the high-level fluctuation pattern unchanged; once it breaks below, a deeper pullback will occur. Overall, the trend leans towards bullish, but now is not the right entry point for chasing long positions. It is advisable to remain patient, waiting for a pullback to key support to establish long positions, and to try short positions near resistance with light volume to gamble on a pullback. Whichever operation you choose, strict control of position sizes is necessary. The above is only a technical sharing of the market and does not constitute any investment advice.Follow Mr. Coin for real-time market analysis.

8.9 Bitcoin Short-Term Reference:

Southward in the 65300-66300 range, defend 67500, stop loss at 500 points, target below 64500

Northward in the 64300-63300 range, target above 64800, stop loss at 500

There may be delays in sending messages, and strategy suggestions are for reference only; market conditions change rapidly. No matter how confident you are in market predictions, always ensure to have stop-loss and take-profit strategies in place to secure your gains.

 For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks Crypto) to find out how to add: The first ten each day can receive free exit strategies.

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