【Crypto World】BTC has shown interesting divergence in its recent 4-hour performance. The price has significantly risen compared to 20:00 yesterday but has pulled back since 0:00—this kind of fluctuation itself hints that the bulls are gradually regaining control. The last candlestick closed with a bullish (positive) candle, with the closing price above the opening price, indicating an initial sign of a bullish engulfing pattern.
The trading volume performance is even more noteworthy. Recent hours have seen a clear increase in volume, but there is a key detail: as the price declines, the volume rises, which is a typical signal of selling pressure being released. This usually means that the bears are fleeing, creating an opportunity for the bulls to establish a bottom support.
From a technical indicator perspective, the MACD currently shows no obvious trend, but the histogram remains negative and is gradually shortening—this detail is important, as it indicates that the bullish momentum is strengthening. The KDJ indicator currently shows no golden or dead cross signals but is in the oversold zone (KDJ value at 5), which is often a precursor to a rebound.
Based on the above analysis framework, the current trading reference points are as follows: bullish entries can focus on the levels of 88172.17 and 87925.0, with 87925.0 also serving as short-term support; bearish stop-loss is set at 87731.31. If the price rebounds, the first sell point is at 92957.67, the second sell point at 92729.0 (resistance level), and the bearish stop-loss at 93422.46. The short-term high is 92957.67, the low is 88172.17, operating within a range of about 4000 points.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
AirdropHermit
· 8h ago
Are the bears fleeing? Then we better keep a close watch. Whether the bottom support can hold truly depends on what happens next.
View OriginalReply0
HappyMinerUncle
· 8h ago
Short sellers are fleeing, is the bottom support coming? This bullish wave is quite interesting.
View OriginalReply0
PerpetualLonger
· 8h ago
Shorts are fleeing? Buddy, this is the bottom support. I'm damn well going to add to my position again.
View OriginalReply0
BlockchainFries
· 9h ago
Short sellers are really fleeing; is the bottom support coming?
BTC 4-hour K-line technical analysis: Bullish momentum strengthening, detailed trading reference points
【Crypto World】BTC has shown interesting divergence in its recent 4-hour performance. The price has significantly risen compared to 20:00 yesterday but has pulled back since 0:00—this kind of fluctuation itself hints that the bulls are gradually regaining control. The last candlestick closed with a bullish (positive) candle, with the closing price above the opening price, indicating an initial sign of a bullish engulfing pattern.
The trading volume performance is even more noteworthy. Recent hours have seen a clear increase in volume, but there is a key detail: as the price declines, the volume rises, which is a typical signal of selling pressure being released. This usually means that the bears are fleeing, creating an opportunity for the bulls to establish a bottom support.
From a technical indicator perspective, the MACD currently shows no obvious trend, but the histogram remains negative and is gradually shortening—this detail is important, as it indicates that the bullish momentum is strengthening. The KDJ indicator currently shows no golden or dead cross signals but is in the oversold zone (KDJ value at 5), which is often a precursor to a rebound.
Based on the above analysis framework, the current trading reference points are as follows: bullish entries can focus on the levels of 88172.17 and 87925.0, with 87925.0 also serving as short-term support; bearish stop-loss is set at 87731.31. If the price rebounds, the first sell point is at 92957.67, the second sell point at 92729.0 (resistance level), and the bearish stop-loss at 93422.46. The short-term high is 92957.67, the low is 88172.17, operating within a range of about 4000 points.