Strategy Name

Intraday Trend Following + Support Testing Strategy

Strategy Description

Based on short-term moving average death cross and support level testing, combined with volume confirmation, to capture intraday trend continuation opportunities

Position Holding Period

Several minutes to several hours

Key Indicators

RSI
5-day moving average
10-day moving average
Candlestick Patterns
Support and Resistance
Technical Indicators
RSI:
48.3
MACD:
Bearish momentum continues, MACD histogram remains declining
Volume:
Recent trading volume has decreased, pulling back with no clear breakout signs
Moving Averages:
5-day moving average crosses below the 10-day moving average, forming a death cross, indicating a short-term downward trend
Detailed Analysis
Currently, BTC price is in a short-term downtrend, with continuous bearish candles, breaking through multiple short-term moving averages, indicating strong selling pressure. RSI at 48.3, not yet in oversold territory but approaching the lower end of the neutral zone, suggesting weakening momentum. The key support level around 89,400 shows a slight rebound but has not formed an effective reversal pattern. Resistance around 89,600–89,800 has repeatedly prevented upward movement, forming a strong resistance zone. Trading volume has been decreasing, indicating reduced market participation and a lack of breakout momentum. Short-term trading should be cautious; wait for clear reversal signals or a confirmed breakout above resistance before acting.