2025/7/29 #BTC# $BTC Current trend assessment: upward oscillation trend

Key Indicator Analysis:
1. Price Trend:
The latest closing price is 117,657.57, rebounding 2.03% from the recent low of 115,320.01.
Form a "higher low" structure (115,320→116,543→117,614→118,182)
But it failed to break through the previous high of 119,800 (07-28 00:00), indicating that there is resistance above.
2. MACD Indicator:
The bar chart ( macd_histogram ) latest value -69.67, but significantly expanded negative value compared to the previous value -17.75.
DIF(86.03) and DEA(155.70) still maintain a golden cross state, but the difference has narrowed.
The short-term momentum shows signs of weakening, but a death cross has not yet formed.
3. Trading Volume Characteristics:
On the crash day (07-25 00:00), an abnormal trading volume of 1.298 billion occurred.
Recently, the volume during the rebound was moderate (110-280 million), without any significant breakout in volume.
In line with the characteristics of a volatile market
4. RSI Series Indicator:
RSI(44.56) is in the neutral zone, moving away from the oversold area (low point of 32.29 on 07-25)
StochRSI_K(0) and StochRSI_D(6.31) reached the oversold boundary.
Suggests that there may be a rebound demand in the short term.
5. EMA Moving Average System:
The fast line (118, 271) is about to cross below the slow line (118, 185). If confirmed, it will create short-term pressure.
The current price is operating below all EMAs, but the deviation has narrowed to -0.5%.
Key Long and Short Levels:
Resistance levels: 119,800, 118,500 (EMA congestion zone)
Support levels: 117,500 (recent low), 115,320 (swing low)
Operation Suggestions:
In the short term (4-12 hours), it may maintain oscillation in the range of 116,500-118,500, need to observe:
1. If the volume breaks through 118,500 and the MACD histogram turns positive, it will confirm the resumption of the upward trend.
2. If it breaks below the support of 117,500, it may test the 115,000 area again.
Risk Warning:
It is necessary to be wary that the rebound after the StochRSI is oversold may be capped below 118,000, forming a downward continuation pattern. It is recommended to closely monitor whether the closing at 04:00 on 07-29 can hold above 117,800.