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2025.9.3
#BTC#
From the 4-hour perspective, the Bollinger Bands are opening upwards, with the middle line trending upwards. The market is biased towards an upward direction, currently in a pullback after rising to the upper band of the Bollinger Bands. As long as the pullback does not break the 108700 middle line, the market will continue to move upwards.
The short-term moving averages are parallel on the 1-hour chart, corresponding to market fluctuations. BTC is currently positioned between MA5 and MA10. If it can stabilize above the short-term moving averages, it will test the upper Bollinger Band line at 111900.
The MACD 4-hour indicator is parallel above the 0 axis. Bullish momentum is starting to weaken, and the market is retracing. The 1-hour indicator is below the dead cross above the 0 axis, and bearish momentum is starting to emerge, leading to a market decline.
The 4-hour RSI indicator is in the overbought zone, corresponding to a price of 98-97, and the market is experiencing a decline and correction. If it continues to rise to 100, it may lead to an accelerated upward trend. The 1-hour RSI indicator is in the overbought phase and has crossed into a compound parallel, corresponding to a price of 82-82, and the market is experiencing a decline and correction. If it continues to rise to 100, it may lead to an accelerated upward trend.
In summary, the current market is in a high-level sideways consolidation phase.
Summary:
BTC Direction: High-level Sideways Consolidation
Resistance levels: 113400, 117000, 118500, 123500
Support levels below: 109400, 107300, 105000, 100600
High-altitude strategy: short position at 113400, average up at 118500, stop-loss if it breaks and stabilizes at 120000.
First take profit: 109500
Second take profit: 107200
Long strategy: Long position at 107300, add position at 100600, stop loss at 98000 if it drops.
First take profit: 111111
Second Take Profit: 115700