2025/7/26 #BTC# $BTC Current trend assessment: Fluctuating trend (neutral to weak)

Key Indicator Analysis:
1. Price Trend:
The latest closing price is 117,797.70, located in the recent fluctuation range of (114,723-120,247)'s lower middle track.
After reaching a high of 120,247 on July 22, it has continued to pull back, but has not formed a unilateral decline.
2. EMA Moving Average System:
The fast line (117,355) and the slow line (117,665) are in a bearish arrangement but the gap is narrowing.
The price is fluctuating below the dual moving averages, indicating short-term weakness but not accelerating downwards.
3. MACD Indicator:
The latest DIF(-310) and DEA(-330) are still negative but show signs of a golden cross.
The bar chart turns positive for the first time ( +20.09), indicating a weakening of the downward momentum.
4. Trading Volume Characteristics:
On July 25, after a massive drop of ( 1.29B ), the trading volume gradually shrank.
Recently, the 8 K-lines show a weak characteristic of "declining volume with a rebound in low volume."
5. RSI Indicator:
The current RSI is at 50.74 in the neutral zone (30-70).
Bounced back from the oversold zone (32.29) but not entered the overbought zone.
6. StochRSI:
The K value ( crossed above the D value ) to form a golden cross.
But the double lines are still in the middle zone, showing no strong trend signals.
Key Long and Short Levels:
Resistance Level: 118,217( Recent High ) → 119,000
Support level: 117,304( intraday low ) → 115,330
Operation suggestions:
It is recommended to wait in the short term and wait for the following signal confirmation:
1. If the volume breaks through 118,200 and the MACD bars continue to expand, it may turn into an upward trend.
2. If it breaks below the support of 117,300 and the RSI enters the oversold zone, it may continue to decline.
3. It is currently more suitable to conduct swing trading within the range of 116,500-118,500.
Risks to be aware of:
The pressure from the trapped positions formed by the massive bearish candlestick on July 25 is still present.
Although the MACD has shown signs of a bottom divergence, it has not yet formed a daily level golden cross.
Volatility shows a contraction characteristic and may face a directional choice.