Mr. Coin: 9.6 Bitcoin (BTC) Market Analysis Reference

Looking back at the market over the past three days, Bitcoin surged to a high of 82282 and then faced selling pressure from bulls, leading to a consecutive drop and entering a high-level consolidation. The overall bullish trend is still intact, and the price continues to operate in the upper range of the Bollinger Bands. However, it is essential to note that the RSI indicator is around 62, and the MACD red bar is continuously shrinking, indicating that after this surge, the bullish momentum is gradually diminishing, and the strength for further increases is insufficient, with a potential for a pullback to gain strength at any time. Key support is seen at the 77500-78000 range, while strong resistance remains at the previous high of 82280.

Switching to the 4-hour cycle, after the surge and pullback, the price firmly holds the middle track of the Bollinger Bands, with lows continuously rising, indicating a consolidation recovery market. The MACD is above the zero axis, with the red bars continuously shrinking, and the KDJ turning upward from a low position, suggesting a short-term need for a rebound recovery. The key support on the 4-hour chart is at 78500, and the resistance is at 81000. On a shorter hourly chart, the market is maintaining a narrow range of fluctuations, and the MACD is forming a golden cross, with the KDJ turning upward, showing a slight bullish advantage in the short term. However, there is heavy selling pressure above, limiting the strength of upward breakthroughs. Short-term support is at 79400, and resistance lies between 80700-81000.

Overall, the long-term bullish pattern is still in place, but after nearly three days of rising and falling, the strength of the bulls at high levels has clearly weakened. The market presents two scenarios: the first is maintaining support at 78500 and continuing high-level consolidation, with a second test of the previous high points; the second is if it breaks below the critical support of 77500, one should be wary of a deeper correction. At this stage, do not blindly chase the highs; the risks of chasing in a high-level consolidation market are significant. Focus closely on key positions; only if it holds above 81000 will bulls strengthen again, and if it breaks below 77500, one must avoid the risk of correction. The above is merely a technical sharing of the market and does not constitute any investment advice.Follow Mr. Coin for real-time market analysis.

9.6 Bitcoin Short-Term Reference:

Southbound in the 81300-82300 range, stop loss at 500 points, target below 80000

Northbound in the 77500-78500 range, target above 79000, stop loss at 500

Zhang Fa is a pre-prediction based on real market conditions; strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in your market judgment, always set stop-loss and take-profit points to secure profits.

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