$BTC/USDT
Current Price: $110,760 (-1.04%, stabilizing at the key support of $109,329)
Target Price:
- TP1: $111,500 (Fibonacci 38.2% extension level)
- TP2: $112,200 (historical volatility center)
- TP3: $113,000 (round number)
Stop Loss Price: Below $109,000
Reason for Purchase:
$BTC/USDT is showing short-term bottoming signals, with technical and capital aspects resonating.
1. Structural Integrity:
- After rebounding from a low of $109,329, it formed a "higher low" ($109,329→$110,000→$110,760), confirming a short-term upward trend;
- MA(7) 110,500 and MA(25) 110,200 form a "golden cross" bullish signal, enhancing the validity of the support level.
2. Breakthrough Effectiveness:
- If the resistance level of $111,500 is broken, there is no significant selling pressure in the range of $112,200–$113,000 above, with a short-term target pointing to $113,000;
- A breakout requires trading volume to increase to an average of 1.5 times or more to verify its validity (current trading volume has surged 1.8 times).
3. Capital Flow:
- In the past 24 hours, the net long position in contracts increased by 22%, with a funding rate of +0.018% (longs paying interest), and leveraged funds are moderately going long;
- The $109,000 support zone has a 60% Up Vol ratio, indicating strong buyer support.
4. Momentum Verification:
- RSI indicator 62 (neutral to bullish), MACD red bars continue to expand, short-term momentum is strong;
- After the price broke through $110,500, the daily trading volume increased by 2.1 times, confirming the inflow of funds.
5. Shape Confirmation:
- The daily level MA(7) and MA(25) form a "Silver Valley" pattern, confirming the trend reversal;
- The middle band of the Bollinger Bands at 110,300 rises in sync with the price, providing mid-term support.
6. Market Sentiment:
- Social media mentions surged by 300%, and Google search popularity rebounded to a four-month high;
- Breaking above $111,500 may trigger a chain of buy orders, accelerating the upward movement.
7. Risk Control:
- The stop-loss is set at $109,000 (Fibonacci 50% retracement level). If the price falls below this area, the bullish logic is invalidated.
This content is for reference only and should not be considered as investment advice. #九月份加密市场能否突破#