BTC 4-Hour Chart Technical Analysis: Strong MACD Bullish Momentum, Key Level Review

【CryptoWorld】Looking at BTC’s recent 4-hour trend, it shows a slight oscillation overall. Compared to midday on December 13, the price has slightly risen; compared to 4 PM, it has pulled back again; but it remains above the level of the afternoon on December 12, only weaker than the morning of December 12.

The most noticeable thing is that trading volume is shrinking—the recent hours’ trading volume is clearly lower than before, with price and volume moving down together, which basically means light trading activity and low participation. However, from the candlestick pattern, the closing price is still above the opening price, and the last candle is a bullish (positive) line.

From a technical perspective, the MACD shows bullish characteristics. The histogram has been maintaining positive values and gradually lengthening, indicating that the bulls are still quite strong. The MACD line has crossed above the signal line, which short-term momentum has strengthened. Although there have been oscillations with a golden cross and a downtrend, the divergence between volume and price isn’t too severe. The KDJ indicator doesn’t show clear signs of a golden or dead cross for now, overall neutral, with the current KDJ value at 22.

According to BOSS Wallet’s technical analysis, the key levels are as follows:

Bullish Strategy: The first buying level is at 85728.01, the second at 90644.16, with a stop-loss at 89423.15; the first take-profit target is at 92976.0, the second at 93932.15, with a short position stop-loss at 94269.83.

Support and Resistance: Recent support is at 88787.0, resistance at 92976.0; recent high at 93800.83, low at 89872.51.

Overall, although trading activity is somewhat quiet, the technical indicators still suggest bullish intent. In the short term, focus on whether the key resistance at 92976 can be broken.