BTC (BTC) contract technical analysis on January 4: The long-term daily candlestick level shows a pump pattern, with the price above the moving average. The chart indicators are running with a shrinking volume and the fast and slow lines show signs of a golden cross, so we need to consider the continuation of the trend. The recent trend shows an oscillating upward movement, with a good rebound strength in the price. One necessary factor for continuation is the breakthrough of the high. On the short-term hourly chart, the price rebounded at the support level during the U.S. session yesterday, effectively breaking the previous day's high position. The current price is correcting at the high level, with a pattern of consecutive negative and single positive candlesticks. The chart indicators are running with a death cross, indicating the need for intraday correction. Therefore, today's short-term contract trading strategy for BTC: Go long in the 97600 area on retracement, with a stop loss at the 97200 area, and target the 98200 area.
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BTC (BTC) contract technical analysis on January 4: The long-term daily candlestick level shows a pump pattern, with the price above the moving average. The chart indicators are running with a shrinking volume and the fast and slow lines show signs of a golden cross, so we need to consider the continuation of the trend. The recent trend shows an oscillating upward movement, with a good rebound strength in the price. One necessary factor for continuation is the breakthrough of the high. On the short-term hourly chart, the price rebounded at the support level during the U.S. session yesterday, effectively breaking the previous day's high position. The current price is correcting at the high level, with a pattern of consecutive negative and single positive candlesticks. The chart indicators are running with a death cross, indicating the need for intraday correction. Therefore, today's short-term contract trading strategy for BTC: Go long in the 97600 area on retracement, with a stop loss at the 97200 area, and target the 98200 area.