BTC saw a rapid rise in the early morning session on December 26th, but remains within a critical consolidation window. On the daily chart, the price is still consolidating at a low level after the decline, trading below the previous rebound high, and has not yet formed a valid reversal. The moving average system is bearish, with the MA30 and MA60 providing downward pressure, suggesting the current rebound is more of a technical correction. On the 4-hour chart, the lows are slowly rising, but multiple attempts to break through the 92,000-93,000 area have been met with resistance, indicating significant selling pressure and trapped positions above. Trading volume has not increased significantly, suggesting insufficient trend continuity.
In terms of indicators, the daily RSI is between 45 and 50, indicating a neutral to slightly weak bias; the MACD shows signs of a low-level golden cross, but the momentum is limited. The 4-hour RSI rose and then fell back, indicating that the short-term bullish momentum is generally weak, and the overall market remains biased towards a range-bound trend.
At key price levels, support is seen at 86,900; a break below this level could lead to a retest of 81,000. Key resistance remains at 92,000–93,000. The news flow is relatively light, with the holiday causing reduced liquidity. Funding rates are slightly positive, but sentiment is not extreme. Trading should focus on light, short-term positions, patiently waiting for increased volume and directional confirmation.
Trading Recommendations: Currently, BTC is still mainly trading within a range. If you choose to trade, try a small, short-term strategy. For larger positions, it's advisable to wait for increased volume and news catalysts before confirming the direction. Patience is key to finding your own wave of market movement. I've recently been using KTX; it has low slippage and fast response. Registration link: https://www.ktx.com/zh/login/register?invite_code=0F2mBc