#Gate广场创作者新春激励 BTC Price Trend Analysis

Key Points
Short-term Outlook: Slightly bullish with short-term consolidation. The daily MACD shows a golden cross combined with RSI at 63.4, indicating growing bullish momentum, and the price remains above key moving average supports.
Continuous net inflows into ETFs and favorable policy news are boosting market sentiment, with the Fear & Greed Index returning to a neutral zone at 49.
Technical breakout above the upper band suggests a potential push towards 97,000, but caution is advised due to possible pullback risks from MACD divergence on the 4-hour chart and decreasing open interest.
Key Supports:
• First support: 94,331 (Lower Bollinger Band + liquidation zone)
• Second support: 93,470 (Strong support zone for long liquidation, totaling $843M) Key Resistances:
• First resistance: $95,948 (Upper Bollinger Band on 1-hour chart)
• Second resistance: 97,436 (Upper Bollinger Band on 4-hour/daily chart + maximum pain point for options) Multi-timeframe Technical Analysis Interpretation 1-hour chart:
• RSI at 49.2, neutral zone, MACD histogram at +66.34 indicating mild bullish divergence
• Price oscillates near the middle Bollinger Band, in the range of 94,761-$95,949
• Above EMA(12) but below EMA(26), short-term trend awaiting clarity
4-hour chart:
• RSI at 55.3, slightly bullish but not overbought, MACD histogram at -253.46 indicating narrowing bearish pressure
• Price below the middle band at $95,809 but above EMA(12/26), mid-term trend remains intact
• Upper Bollinger Band at $97,287 is a key breakout target
Daily chart:
• RSI at 63.4 indicates strong bullish momentum, MACD histogram at +532.99 confirms a golden cross
• Price has broken above the middle band and is approaching the upper band at 97,436, volatility expanding
• Support at EMA(12/26) has held, but price remains below the long-term SMA(200) at $105,888; trend reversal requires further confirmation of support and resistance levels.