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Overall analysis of the recent (next week) trend of BTC:
First, look at the indicators from daily to weekly timeframes:
The daily MACD is about to form a golden cross, but it is suppressed by 98450, with support in the 94600-93500 range. If the pressure cannot break through strongly, it will be blocked and fall back, and the golden cross will turn into a death cross.
The 2 and 3-day moving averages have been maintained in a sideways trend around the lower Bollinger band for 12 consecutive days, with resistance at 99092 and support at 92300.
The 5-day line macd is falling, and the downward momentum is increasing, suppressed by 98800 and 100250, with support at 90785.
The weekly line is a small positive line. Although the bulls have taken the initiative to attack this week, the momentum is weak. It is suppressed by 102550, with strong support near 89800 below.
Looking at the hourly level again: the 30 and 15-minute smaller trends are relatively strong, the 1 and 2-hour MACD maintains between the upper, middle, and lower bands above the zero axis, although the 4-hour level has climbed above the zero axis, the upward momentum is insufficient, the 6 and 8-hour levels are clearly blocked on the upside, while the 12-hour level shows an increasing upward momentum trend, indicating light trading over the weekend, but there is still some rebound action at the opening of the trading day.
4-hour level is suppressed by 98450, support at 97150-95785; 6-hour level is suppressed by 98615, support at 96950-95350, 12-hour level is suppressed by 98300, support at 95650.
In conclusion, the overall situation is still a clear pattern of washing the plate. The bulls' main attack has not been strong, mostly choosing to wait and see, mainly due to the delay in the Fed's interest rate cut. If it cannot rise above 98200 next week, it will continue to decline. The strong support at the hourly level is near 95785. If this level is broken, it will once again explore the range of 94600-90000. In the short-term contract, both long and short positions have opportunities, but shorting at a high level is relatively more advantageous.
High point: 98450, 98800/99085, 100250, after breaking through, look at 102000-102550.
Long entries at 96850, 95785, after breaking 95785, look at 94666-94150-93555-90785-89800 in order.
Spot is suitable for bottom fishing points: 91350-89800.