Good morning!

#白宫加密峰会# #2024 Q4季度 GT 销毁完成#
3.7: Bitcoin (BTC) market analysis reference
 
Bitcoin's price rebounded yesterday, but multiple attempts were resisted near 92800, failing to further explore upwards. After subsequent pressure, a pullback occurred, with a bearish closing at the daily level, temporarily easing the upward momentum. Currently, the market is consolidating, with support near the 88000 level. If it fails to break through the daily resistance with a rebound intra-day, once today's trend turns bearish again, there is a risk of continued pullback. Everyone should be prepared in advance.

On the short-term hourly chart, the trend is running in the upper-middle rail area, and the market is under pressure to enter a oscillation mode. Although the bullish sentiment is weak at the moment, there are signs of rebound after the pullback at the daily level, indicating signs of stabilization in the short term,
MACD: The MACD at the 4-hour and daily levels are both above the zero axis, but the currency price at the 4-hour level is near the midline support. If the midline support is broken later, there is a high probability of a dead cross, and caution is needed for a short-term pullback.
RSI: The 4-hour RSI hovers around 50, and the daily RSI is in the neutral zone. EMA: The 7-day EMA is in a bullish alignment with the 30-day and 120-day EMAs, with the 120-day EMA providing strong support. There is a short-term rebound, but the strength is limited. In the future, it is recommended to observe the stabilization around the 90,000 mark. For operations, it is suggested to consider long positions on pullbacks and high short positions in a wide range.