Bitcoin market analysis According to the 1-hour indicator for BTC Bollinger Bands Indicator The Bollinger Bands are opening upwards, corresponding to the range of 110200---11107900, with the middle band trending upwards, corresponding to a price of 109000. The candlestick is positioned above the middle band, indicating an overall upward trend. Moving Average Indicator The 5-day moving average and the 10-day moving average have crossed the 30-day and 60-day moving averages from below, while the price is positioned between the two moving averages. The 30-day and 60-day moving averages correspond to prices of 108700 and 108750, respectively, while the upward 120-day moving average corresponds to a price of 109550. The short-term moving average crosses the medium and long-term moving averages from below, corresponding to a price increase.
MACD indicator The MACD double lines are positioned above the 0 axis, forming a golden cross and moving upwards. Bullish volume is starting to emerge, and the market begins to rise after a prolonged period of consolidation.
Summary: Btc Direction: Volatile Uptrend Overall, we are currently in a stage of oscillating upward after a long-term sideways movement. If the upward movement does not break the support level of 110500, there may be a downward correction. If it breaks through 110500, it will test 113000. Resistance levels above: 110500 .113000 Support levels below: 109500..109000, 107500.100000 High-altitude strategy: 110500 short position, 113000 add position, stop loss included. Long low strategy: 109000 long position, add position at 107500 stop loss included.
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Bitcoin market analysis
According to the 1-hour indicator for BTC
Bollinger Bands Indicator
The Bollinger Bands are opening upwards, corresponding to the range of 110200---11107900, with the middle band trending upwards, corresponding to a price of 109000. The candlestick is positioned above the middle band, indicating an overall upward trend.
Moving Average Indicator
The 5-day moving average and the 10-day moving average have crossed the 30-day and 60-day moving averages from below, while the price is positioned between the two moving averages. The 30-day and 60-day moving averages correspond to prices of 108700 and 108750, respectively, while the upward 120-day moving average corresponds to a price of 109550.
The short-term moving average crosses the medium and long-term moving averages from below, corresponding to a price increase.
MACD indicator
The MACD double lines are positioned above the 0 axis, forming a golden cross and moving upwards. Bullish volume is starting to emerge, and the market begins to rise after a prolonged period of consolidation.
Summary:
Btc Direction: Volatile Uptrend
Overall, we are currently in a stage of oscillating upward after a long-term sideways movement. If the upward movement does not break the support level of 110500, there may be a downward correction. If it breaks through 110500, it will test 113000.
Resistance levels above: 110500 .113000
Support levels below: 109500..109000, 107500.100000
High-altitude strategy: 110500 short position, 113000 add position, stop loss included.
Long low strategy: 109000 long position, add position at 107500 stop loss included.