BTC

It is now 14:25 in the afternoon. After a significant rally during midday, the market experienced a pullback. Currently, the price is testing the midday high again. During midday, we analyzed Ethereum strategies, and I believe everyone has caught some short-term shorts. The high short is above 2980, with a low point at 2951, successfully capturing a $30 profit. Now, let's analyze BTC's upcoming trend.
Bollinger Bands: On the 4-hour chart, after rising to the upper band, the price faced resistance at the 240-day moving average, then pulled back. It is now testing the 240-day moving average again. If it cannot break through and stabilize, the market will likely decline again. Currently, the Bollinger Band width is expanding. If the price does not effectively break below the middle band, the market may rise again. The 4-hour short-term moving averages are in a golden cross upward. The daily upward trend line has not fully converged yet. Focus on whether the 89500 resistance can be broken effectively.
On the 1-hour chart, the 5-day moving average has crossed above all other moving averages, indicating a bullish trend. The pullback has not broken below the short-term moving average, showing a one-sided upward pattern. Watch whether the pullback can break below the 10-day moving average; if it does and stabilizes, the market will continue downward. The support level below is around 88100.
MACD: On the hourly chart, the MACD lines are above the zero axis and have a golden cross upward, with bullish momentum continuing to strengthen. On the 4-hour chart, the MACD lines are crossing above zero, and during the pullback, no death cross has formed effectively. Currently, there is a wave 2 upward trend.
RSI is in the overbought zone, with values between 75-71.
Conclusion: Sideways consolidation at high levels.
Resistance levels: 89400-90700-93100
Support levels: 87100-85300-83800
High short strategy: If the rise does not stabilize above 89400, consider establishing short positions again nearby. Add to the position at 90700, with a stop loss above 93000.
Low long strategy: If the decline does not break below 87100, consider opening a long position nearby. Add to the position at 85300, with a stop loss below 83800.