BTC 4-hour K-line shows a strong upward trend, with multiple technical indicators signaling a buy opportunity

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【Crypto World】The BTC trend in the past 4 hours has been quite impressive. Compared to 8:00 AM on January 3rd, the current price has rebounded and even broke through the high point at 4:00 PM on January 2nd, forming a beautiful large bullish candlestick. The last candlestick closed higher than its open, which is quite promising.

Trading volume is also supporting this trend. Recent trading volume has significantly increased, showing more activity than in previous hours. This combination of price and volume indicates strong upward momentum.

From a technical indicator perspective, several signals look good. The MACD histogram remains positive and is gradually lengthening, indicating that the bullish forces are indeed strengthening. The KDJ indicator is currently in the neutral zone (value of 51), with no clear golden cross or death cross. The MA10 has already crossed above the MA10 (likely referring to MA20 or a typo), maintaining this stance from 8:00 PM on January 3rd to 12:00 AM on January 4th. However, the RSI has broken above 70, so caution is advised for a potential pullback after a short-term overbought condition.

Based on current data, a few key levels worth noting:

Buy reference points: Price at 86,674.94 or 88,213.90, with a stop-loss at 87,104.14

Sell reference points: Price at 91,279.0 or 91,446.62, with a short stop-loss at 91,692.96

Recent support and resistance: Support at 87,183.0, resistance at 91,279.0. The recent high reached 91,236.78, and the low was around 87,541.85.

Overall, BTC is in a short-term upward channel, but the high RSI suggests caution for profit-taking.

BTC-1,25%
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MEVHunterLuckyvip
· 21h ago
RSI broke above 70 and still calling for buy-in. This pullback is quite intense... I think we need to wait for a correction before jumping in, otherwise those chasing the high will get trapped.
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MidnightTradervip
· 01-04 23:36
Damn, RSI is already at 70 and you're still hyping buy-in? The guys who bought in at this high level are just waiting to get crushed.
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AirdropBuffetvip
· 01-04 22:36
RSI has broken 70 and you're still hyping it up? This wave is probably going to crash, don't get fooled.
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MelonFieldvip
· 01-04 10:38
RSI is already at 70, still dare to chase? This wave of rise and fall is definitely coming, I bet fifty cents.
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SorryRugPulledvip
· 01-04 08:30
RSI has broken above 70. This move probably isn't another false breakout...
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GamefiEscapeArtistvip
· 01-04 08:27
RSI is already at 70, and you're still talking about buy signals. That's a classic sign of chasing the high, friends.
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MEVSandwichMakervip
· 01-04 08:24
RSI is already at 70, are you still daring to chase? If this wave drops sharply, don't say I didn't warn you.
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TokenCreatorOPvip
· 01-04 08:11
RSI is already at 70, are you still daring to chase? I think this wave is going to be a needle, brother.
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AirdropDreamervip
· 01-04 08:07
Damn, RSI is already at 70, and you're still buying? This wave might get crushed.
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