BT4 Hourly Cycle Technical Analysis and Trading Strategy

BTC 4-hour cycle shows a high-level consolidation and repair trend, with prices narrow trading in the range of 70500-71000. Short-term rebound momentum has weakened, and the bull-bear contest has entered a critical stage.

From the perspective of the moving average system, the current price is near MA5 (70509.21) and MA40 (70582.77), with MA10 (69386.07) and MA20 (69641.52) providing upward support, while MA60 (71218.42) forms strong pressure above. The short-term moving averages are converging, indicating that the market is in a direction selection period. Since the previous high point of 76000, the price has completed about half of the rebound, with 73000 becoming a key demand resistance level.

In terms of the MACD indicator, DIF (-160.90) and DEA (-488.05) are still below the zero axis, but the green bars are gradually narrowing, indicating that bearish momentum is weakening. If DIF turns upward and forms a golden cross with DEA, it will strengthen rebound expectations; if it remains flat, the probability of a short-term pullback is relatively high. Combined with the effective support of yesterday's low of 70654.01, the price shows the embryonic form of a head and shoulders pattern, with 71000 being the key pressure point in the short term.

In terms of patterns, the price is in a high-level consolidation after a rebound. If the pullback fails to break through the 73000 level, it will continue the weak high short strategy; if it stabilizes above 71000 and breaks MA60, it will open up further rebound space. In terms of operations, it is recommended to adopt a high sell low buy strategy: layout short positions when the rebound reaches the pressure zone of 71500-72000, targeting 70500-70000, with a stop loss set above 72500; when it pulls back to around 70500 and finds support, one can take light positions to go long, targeting 71500, with a stop loss set below 70000.

Overall, the current market sentiment is cautious, focusing on consolidation and repair in the short term. Attention should be paid to the breakthrough of the 73000 pressure point and the 70000 support point, as well as the MACD golden cross signal.

Follow Mei Jie, focusing on contract technical strategy analysis, the battle team still has positions to quickly get on board #币安人生 $BTC