The Bitcoin market has shown significant fluctuations recently, with a price range of $107,255 to $113,485.90 yesterday, resulting in an amplitude of 6,230 points. As of the time of writing today, the Bitcoin price is $110,501.09, fluctuating between $110,515 and $112,114 in the past 24 hours.
From the daily chart, it can be observed that Bitcoin firmly stood above $112,000 yesterday, indicating that this key support level has stabilized, laying a good foundation for the future market. Today's price has slightly retreated, but this may be a healthy adjustment. A moderate pullback helps to digest short-term profit-taking and solidifies the bottom structure, building momentum for potential future increases.
The four-hour level trend shows a "small step upward" pattern, avoiding severe fluctuations. This stable upward movement is conducive to accumulating upward momentum and increasing the likelihood of breaking through key resistance.
In terms of technical indicators, the MACD shows no clear trend at the moment. Although the histogram remains positive, it is shortening, reflecting a weakening of bullish strength. The KDJ indicator is in an overbought state, with a value of 92, and there are no clear golden cross or death cross signals yet.
Investors should focus on the key range of $109,000 to $111,000. If the price can gain effective support within this range, there is still room for further increases in the market. The resistance level above is concentrated in the range of $113,000 to $114,000, and a breakout of this range may trigger further upward movement.
Overall, Bitcoin is currently in a fluctuation adjustment phase. Investors need to remain vigilant, closely monitor price trends and breakthroughs at key positions, and adopt cautious trading strategies. The uncertainty in the market reminds us that investment decisions should be based on comprehensive market analysis and individual risk tolerance.
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GateUser-c802f0e8
· 09-06 01:36
Put a big melon and watch the market dance.
View OriginalReply0
gas_guzzler
· 09-05 02:47
This small rise isn't much, we still have to look at 150,000.
View OriginalReply0
TaxEvader
· 09-05 02:45
It's all clear now, who has lost money!
View OriginalReply0
ILCollector
· 09-05 02:41
I've been cut seventeen times, it hurts!
View OriginalReply0
SybilAttackVictim
· 09-05 02:31
When can it reach 150,000? Quick, run to beat the suckers.
View OriginalReply0
DarkPoolWatcher
· 09-05 02:26
Damn, it's so boring with just this little Fluctuation all day.
The Bitcoin market has shown significant fluctuations recently, with a price range of $107,255 to $113,485.90 yesterday, resulting in an amplitude of 6,230 points. As of the time of writing today, the Bitcoin price is $110,501.09, fluctuating between $110,515 and $112,114 in the past 24 hours.
From the daily chart, it can be observed that Bitcoin firmly stood above $112,000 yesterday, indicating that this key support level has stabilized, laying a good foundation for the future market. Today's price has slightly retreated, but this may be a healthy adjustment. A moderate pullback helps to digest short-term profit-taking and solidifies the bottom structure, building momentum for potential future increases.
The four-hour level trend shows a "small step upward" pattern, avoiding severe fluctuations. This stable upward movement is conducive to accumulating upward momentum and increasing the likelihood of breaking through key resistance.
In terms of technical indicators, the MACD shows no clear trend at the moment. Although the histogram remains positive, it is shortening, reflecting a weakening of bullish strength. The KDJ indicator is in an overbought state, with a value of 92, and there are no clear golden cross or death cross signals yet.
Investors should focus on the key range of $109,000 to $111,000. If the price can gain effective support within this range, there is still room for further increases in the market. The resistance level above is concentrated in the range of $113,000 to $114,000, and a breakout of this range may trigger further upward movement.
Overall, Bitcoin is currently in a fluctuation adjustment phase. Investors need to remain vigilant, closely monitor price trends and breakthroughs at key positions, and adopt cautious trading strategies. The uncertainty in the market reminds us that investment decisions should be based on comprehensive market analysis and individual risk tolerance.