1.5 Monday midday market analysis. The daily chart shows that Bitcoin is presenting a healthy upward structure with "higher highs and no lower lows," with the price steadily staying above multiple short-term moving averages. The moving average system is in a bullish alignment, providing solid support for the upward movement.


On the 4-hour chart, the MACD has a sustained bullish crossover with expanding red bars, indicating good continuation of bullish momentum.
However, as the price approaches resistance at higher levels, the RSI indicator shows a slight upward trend, suggesting a short-term technical pullback is needed. The 92,500 level, which served as an important support zone after a previous breakout, will directly determine the subsequent upward pace based on its ability to hold.
The 94,000-95,000 range not only represents a densely contested area from previous battles but also coincides with multiple medium- and long-term moving average resistances. As the key nodes approach, the hourly Bollinger Bands show a "trumpet expansion" pattern: the upper band and middle band are driven higher and diverging steeply, while the lower band is moving downward, with significant divergence among the three lines. This forms a "breakaway from moving average support" false breakout expansion pattern, indicating a strong technical correction back to the midline is needed.
BTC trading suggestion: Short at 93,500-94,200, with a stop loss at 94,800, targeting 92,500-91,000.
Ethereum (ETH) 3,220-3,250 short, with a stop loss at 3,280, targeting 3,130-3,060.
BTC-2,32%
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