12.5 Friday Midday Market Analysis
Looking at the overall structure, BTC showed a clear long lower shadow on the 3rd, indicating strong support from bulls at lower levels and reliable support strength. This was followed by two consecutive days of bullish candles, which shows that market sentiment is gradually warming up.
However, on the 4-hour chart, the MACD histogram is retreating from high levels and gradually narrowing, currently approaching the zero axis, which means short-term momentum is weakening and the market is likely to enter a phase of consolidation or a pullback from high levels.
View OriginalLooking at the overall structure, BTC showed a clear long lower shadow on the 3rd, indicating strong support from bulls at lower levels and reliable support strength. This was followed by two consecutive days of bullish candles, which shows that market sentiment is gradually warming up.
However, on the 4-hour chart, the MACD histogram is retreating from high levels and gradually narrowing, currently approaching the zero axis, which means short-term momentum is weakening and the market is likely to enter a phase of consolidation or a pullback from high levels.


