BTC Price Analysis
Technical signals:
Support level: The current price is approaching the short-term key support levels of $118,500 (EMA60 moving average) and $117,500 (Fibonacci 50% retracement level). If the price stabilizes in this range, a short-term bottom may form.
Resistance level: The price needs to break through the psychological level of $120,000 and the previous high resistance at $122,000 to confirm a trend reversal.
Volume Observation: Recently, the trading volume has shrunk, indicating low market participation, and the directional choice is not yet clear.
Conclusion: The current
View OriginalTechnical signals:
Support level: The current price is approaching the short-term key support levels of $118,500 (EMA60 moving average) and $117,500 (Fibonacci 50% retracement level). If the price stabilizes in this range, a short-term bottom may form.
Resistance level: The price needs to break through the psychological level of $120,000 and the previous high resistance at $122,000 to confirm a trend reversal.
Volume Observation: Recently, the trading volume has shrunk, indicating low market participation, and the directional choice is not yet clear.
Conclusion: The current