Recently, the price of Bitcoin has fallen back after breaking through $4248 and is currently in a consolidation phase. From a technical analysis perspective, there is a certain degree of uncertainty in the short-term trend. On the hourly chart, although the MACD indicator remains positive, the momentum has clearly weakened, and the fast and slow lines are gradually converging at a high level, which may form a death cross signal. This indicates that short-term upward momentum may temporarily be exhausted, and caution is needed for potential adjustments.



However, from a longer time frame perspective, the daily MACD indicator still maintains a golden cross status, which indicates that the medium-term trend remains relatively strong. This divergence in technical indicators reflects the current market participants' disagreements on the short-term trend, but they remain relatively optimistic about the medium to long-term outlook.

Considering the current market situation, investors can pay attention to the support level in the range of $4190-$4210. If the price can stabilize within this range, it may be worth considering entering long positions on dips, with a target set around $4300. However, given the short-term adjustment risks, it is advised that investors strictly control their positions and set reasonable stop-losses to cope with potential market fluctuations.

It is worth noting that the cryptocurrency market is influenced by various factors and is highly volatile. Investors should thoroughly assess risks before making any investment decisions and formulate strategies based on their own risk tolerance and investment goals. At the same time, continuously monitoring market dynamics and important news events is also key to developing effective investment strategies.
BTC-0.22%
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GasGuzzlervip
· 9h ago
All in long order and that's it.
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BoredApeResistancevip
· 08-10 19:38
Preparing to start a Rug Pull.
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BearMarketNoodlervip
· 08-09 16:50
Suckers are panicking, I take the opposite position and go all in on a long order.
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AlphaLeakervip
· 08-09 16:50
Almost buy the dip.
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ZkProofPuddingvip
· 08-09 16:36
I don't dare to place large orders anymore.
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GateUser-1a2ed0b9vip
· 08-09 16:34
This wave ran early.
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