BTC Afternoon Analysis

The current BTC trend shows short-term consolidation, with bullish and bearish forces temporarily in a stalemate. The specific analysis is as follows:
As seen in the chart, the price first surged to 87,837.57, then pulled back and fluctuated within the 87,500-87,700 range. The current price (87,570.14) is slightly lower than the opening price (87,613.04), representing a minor intraday decline of 0.05%.
​ Trading volume is at a moderate level compared to recent periods, with no significant increase, indicating that both bulls and bears are relatively cautious, and there is no large-scale capital entering to drive the trend.
In the current market environment, BTC is in a mid-term consolidation and bottoming phase, and in the short term is influenced by the following factors:
Support and Resistance: The current price is fluctuating within the 85,000-88,000 range. The chart shows 87,000 as the short-term support level, and 88,000 above as the key resistance level.
​ Bullish and Bearish Signals: The MACD has formed a golden cross but lacks momentum. The RSI has rebounded from oversold to around 40, indicating that bearish strength is waning, but the bulls have not yet taken the lead.

ETH long near 2800, target near 2850
BTC long near 86789, target near 87764
#加密市场回暖