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2026.01.02【Price Trend Analysis】
Bitcoin Long Target: 90500
1. Candlestick Pattern:
- The daily chart shows recent prices oscillating around 88000. A long lower shadow bullish candle closed yesterday (January 1st), indicating strong support below.
- The hourly chart forms a series of small upward-moving candlesticks, but the increasing upper shadows suggest selling pressure is beginning to emerge above.
2. Technical Indicators:
- MACD: The hourly MACD has formed a golden cross and continues to diverge upward, with increasing momentum bars; however, the daily MACD remains near the zero line, and the trend has not been fully confirmed.
- RSI: The hourly RSI is at 68, approaching overbought territory, which may lead to a short-term pullback; the daily RSI is neutral to slightly strong at 56, indicating overall healthy momentum.
- EMA: The hourly EMA7, 30, and 120 are in a bullish alignment, indicating a short-term upward trend; the daily EMA7 has crossed above EMA30, further confirming a rebound trend.
3. Volume:
- Hourly volume has increased, especially during the 0700 period, indicating higher trading activity.
- Daily volume has contracted compared to previous days; attention should be paid to whether volume picks up again in subsequent sessions.