4-Hour Early Morning Report


Current price around 74,688, closely following MA20 (74,531) in operation, not effectively breaking below; MA60 (72,505) trending upward, mid-term bullish structure intact.
MACD: High-level momentum shrinking, upward momentum weakening, no clear death cross.
Key levels:
Support: 74,300-74,500 (short-term), 73,200 (secondary), 72,500 (strong support)
Resistance: 75,500
Bullish/Bearish suggestions (purely technical perspective):
Hold the 74,300-74,500 range, bullish trend continues, with a possibility of challenging the previous high at 75,500.
If it breaks below 74,300 with increased volume, short-term bias is bearish, with a high probability of retesting the 73,200-72,500 range.
As long as it does not effectively break below 72,500 in the mid-term, the bullish trend remains unbroken.
BTC0.03%
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