Bitcoin (BTC) Technical Analysis and Trading Strategy
Daily Level
Price Structure: Last week, it fell to 100,000 points and did not break the support. Then it returned to the horizontal adjustment range, but it was still suppressed by the downward trend line above, and the overall high-level decline structure was maintained.
K-line pattern: The two consecutive days of closing cross stars showed that the long-short game intensified, but there was no clear direction.
Momentum indicator: RSI continued to shrink, indicating that short-term momentum weakened, and attention should be paid to breakthrough signals.
4-hour level
Key resistance: 106,700 (horizontal channel top + downward trend line bonding pressure), breaking through is expected to test the 110,000 mark.
Key support: 103,500 (range bottom), 101,000 (strong support), if it falls below, it may form a head and shoulders top structure, and further look down to 97,600 (previous step support).
Short-term trading strategy
Short order opportunity
Entry area: 106,000-106,700
Stop loss: 108,000 (short order invalidated after trend line breakthrough)
Target: 103,500 → 101,000
Long order observation point
If the price stabilizes above 106,700, you can wait for confirmation of the retracement before arranging long orders, with a target of 110,000.
If it stabilizes at 101,000-103,500, you can consider short-term rebound trading.
Key trend judgment
Break above 106,700 → Continue to adjust upward and test 110,000.
Break below 103,500 → Confirm the head and shoulders top, target 97,600.
Range oscillation (103,500-106,700) → Wait for a breakthrough signal.
(Risk warning: Pay attention to changes in market liquidity and the impact of macro data, and strictly stop loss.)
