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BTC trading suggestion: Buy on dips at 83,500-84,000 with a light position, stop loss at 82,800, target at 85,500-86,000; short on rebounds at 85,800-86,200 with a stop loss at 87,000, target at 84,000! Currently, BTC is reported at 84,800 USD, supported by the rise in CME futures premium (1.2%) and a net inflow of 210 million USD in ETFs today, which supports a volatile upward movement. The 4-hour MACD shows an initial golden cross but with weak volume. The upper resistance is at 86,000 (weekly resistance) and the daily MA30 (85,500), forming a strong pressure zone, while the lower support at 83,000 (7-day moving average) serves as a critical point for long and short positions. The 1-hour RSI is overbought and the derivatives funding rates are relatively high, indicating a need to guard against false breakouts. If it stabilizes above 85,000, it could open up upward space to 88,000; if it loses 83,000, it will trigger algorithmic selling, accelerating the drop to 82,000. Do you think we can break out of the range today?
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