[BTC Price Trend Analysis]


K-line patterns:
In recent trading, BTC/USDT has shown a pattern of consecutive gains, with the 4-hour cycle indicating consecutive bullish candles, and the current price is above the previous swing high, suggesting that the market may be in a short-term upward trend.
The daily chart also shows a significant rebound and breakout action, with the latest price successfully stabilizing and breaking through the previous key resistance level around 85000.
Technical Indicators:
MACD (4 hours): MACD is clearly expanding upwards, with the DIF line crossing above the DEA line forming a golden cross, while the volume bars increase, conveying a strong buy signal.
RSI (4 hours): The RSI value has reached above 73, slightly indicating overbought conditions, but it continues to maintain a high level, suggesting that there is still some upward momentum.
EMA: The price has broken through EMA7, 30, and 120, indicating that the trend is relatively optimistic. Continue to pay attention to the relationship between the price and the moving averages, and the support situation below can refer to EMA7 and 30.
Trading Volume:
The latest trading volume has increased compared to previous rounds, with significant transactions occurring when the price breaks, indicating that the current buying power is strengthening, driving the market further upward.
Overall, trading is active within the concentrated range, and there is a possibility of maintaining opportunities for a new round of trend development.
BTC2,23%
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