$BTC There isn't much to say about the broader market this week. It's the same as last week: bullish.
The current trading range is narrowing, forming a converging triangle. Today, however, the price rose to 83,100, breaking above last week's lower high. Combined with the MACD and MA patterns on the hourly chart, and the 4-hour MACD golden cross nearing the zero line, it's clear that the market is building a base with some strength. But volume shows that tonight's price movements are driven by retail traders buying and selling; institutions have yet to enter the market. The market has gone through a shakeout between 819 and 916, and liquidity is very low. Institutions are watching to see how the market responds to range-bound trading and news-driven excitement before taking action.
The ranges of 75,000–82,200 and 80,000–87,300 can be understood as consolidation after a sharp rise, with the market moving upward—not downward. This is also consistent with bullish broader-market indicators.
So, despite the market's slow progress, it will ultimately rise. The triangle is converging and price swings are getting smaller, so watch out for a sudden pump.
For now, I'm sticking with last week's analysis: bullish, with targets at 89,500 and 90,500, and an extreme target of 92,800.
#行情分析📈
The current trading range is narrowing, forming a converging triangle. Today, however, the price rose to 83,100, breaking above last week's lower high. Combined with the MACD and MA patterns on the hourly chart, and the 4-hour MACD golden cross nearing the zero line, it's clear that the market is building a base with some strength. But volume shows that tonight's price movements are driven by retail traders buying and selling; institutions have yet to enter the market. The market has gone through a shakeout between 819 and 916, and liquidity is very low. Institutions are watching to see how the market responds to range-bound trading and news-driven excitement before taking action.
The ranges of 75,000–82,200 and 80,000–87,300 can be understood as consolidation after a sharp rise, with the market moving upward—not downward. This is also consistent with bullish broader-market indicators.
So, despite the market's slow progress, it will ultimately rise. The triangle is converging and price swings are getting smaller, so watch out for a sudden pump.
For now, I'm sticking with last week's analysis: bullish, with targets at 89,500 and 90,500, and an extreme target of 92,800.
#行情分析📈
