BTC 4-hour level rebound is weak? Technical analysis provides buy and sell signals for reference

【Crypto World】BTC’s performance over the past 4 hours is quite interesting. The price has seen a significant increase since the surge at 16:00 on December 30th, breaking the high from 20:00 on the same day, but the last candlestick closed bearish, with the closing price below the opening price. This is a signal—upward momentum is waning.

Looking at the trading volume makes it even clearer. As the price moves upward, the trading volume is shrinking, which usually indicates that the strength of the subsequent upward move may be insufficient.

What do technical indicators say? The MACD histogram remains positive and is gradually expanding, indicating that the bulls still have strength. However, the KDJ is in a neutral position, with no clear golden cross or death cross signals, suggesting the market lacks a definite direction. The short-term moving average (MA10) is above the MA30, supporting a short-term upward trend, but as the date progresses to 00:00 on December 31st, the overall trend remains somewhat bearish.

Based on the current technical analysis, trading references are as follows:

Long Position — The first support is at 86577.0. Consider entering around 87137.81, with a stop-loss set at 86702.12. The target upward levels are 90123.55 or 89533.0, with 90123.55 being the recent high.

Short Position — For a reverse operation, enter around 89533.0 or 90123.55, with the stop-loss moved up to above 90574.17.

The current support level is at 86577.0, and resistance is at 89533.0. There is a considerable possibility of short-term oscillation within this range. The key is whether subsequent trading volume can support a breakout above the price; otherwise, this rebound may come to an end.