Today's analysis of BTC across multiple timeframes and news: Short-term (15m/1h): After consolidation, a violent surge occurred. The MA5/10/20 are in a bullish alignment, and the MACD golden cross is showing increasing volume, indicating a strong bullish structure. However, the RSI > 70 indicates significant overbought conditions, suggesting a potential pullback or high-level consolidation in the short term. Support levels are at 89000, with secondary levels at 88500–87800; resistance is at 89380, with a strong psychological level at 90000. Medium-term (4h): The trend has shifted to a steady upward movement. The moving averages have just formed a bullish pattern, the MACD has formed a golden cross below the zero line, and the RSI is approximately 64, indicating further upside potential. Support is at 88000, and resistance is at 90588. Long-term (daily): The daily MACD golden cross has been established, and the price has broken above the dense area of moving averages, suggesting a potential trend reversal; the RSI is approximately 50, indicating a less crowded market. Key support levels are at 87000–87500, and resistance is at 90000–91000.
News: Price broke through 88k/89k, aligning with technical indicators, leading to a broad market rally and improved sentiment; however, macroeconomic and localized risks should be noted. Strategy: Avoid chasing highs in the short term; consider a small long position if the price retraces to 89000/88500 and holds. For medium- to long-term positions, consider building positions in batches between 88000 and 87500; a break and hold above 90000 would indicate further upside potential.
Remember: Following the trend + risk control, patience and discipline will be rewarded by the market. I've been using the KTX exchange recently, and the trading experience is great. Register to get high rebates: https://www.ktx.com/zh/login/register?invite_code=0F2mBc