Today's BTC candlestick chart shows a sideways oscillation above, with a faint upward trend. Since yesterday, the price has not dropped below the 110,000 mark.
From a technical structure analysis, although the price once dipped sharply, it quickly recovered strongly. The opening of the running channel is widening, the bottom channel is slightly narrowing upwards, the bearish volume has started to decrease after being released, and the moving averages are showing a consistent upward trend after a period of fluctuation. The price adjustment and consolidation phase in the small cycle has ended.
Looking at the four-hour chart, although the running channel continues to open downward, the price has weakly recovered after testing up and down, with a reduction in short selling volume indicating consolidation. The moving averages show signs of turning back. The small cycle pattern still appears weak, and it is currently in a phase of oscillation and repair.
Personal suggestion: Go long around 110500 - 110000, with target prices looking towards 112000 - 113000.
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9.3 Morning BTC Market Analysis and Insights
Today's BTC candlestick chart shows a sideways oscillation above, with a faint upward trend. Since yesterday, the price has not dropped below the 110,000 mark.
From a technical structure analysis, although the price once dipped sharply, it quickly recovered strongly. The opening of the running channel is widening, the bottom channel is slightly narrowing upwards, the bearish volume has started to decrease after being released, and the moving averages are showing a consistent upward trend after a period of fluctuation. The price adjustment and consolidation phase in the small cycle has ended.
Looking at the four-hour chart, although the running channel continues to open downward, the price has weakly recovered after testing up and down, with a reduction in short selling volume indicating consolidation. The moving averages show signs of turning back. The small cycle pattern still appears weak, and it is currently in a phase of oscillation and repair.
Personal suggestion: Go long around 110500 - 110000, with target prices looking towards 112000 - 113000.