2025/8/23 #BTC# $BTC Trend assessment: pump trend

Key analysis basis:
1. Price Breakthrough: A significant breakthrough occurred in the 196-199 cycle, rising sharply from 112,320 to 116,952, with a rise of over 4%.
2. MACD Indicator:
The MACD histogram changed from -280 (period 180) to +616 (period 199), indicating strong bullish momentum.
The DIF line changed from -1239 to +118.5, and the DEA line improved from -1047 to -498, confirming a trend reversal.
3. Volume Confirmation:
The cycle 196 has an abnormal trading volume (1.319 billion), which is 4-5 times the average trading volume of the previous period, confirming the validity of the breakout.
The subsequent period maintains a relatively high trading volume.
4. EMA arrangement:
The fast line EMA(114,909) has crossed above the slow line EMA(114,790), forming a golden cross.
5. RSI Indicator:
Strongly rebounded from the oversold area (28-35) to 63, entering a bullish zone but not overbought.
6. StochRSI:
Both K and D values have reached 100, indicating a strong overbought condition. However, in conjunction with the breakout trend, this reflects strong buying momentum.
Risk Warning:
StochRSI shows short-term overbought conditions, which may face a technical pullback.
Need to pay attention to whether it can stand firm at the 117,000 level and continue to rise.
It is recommended to closely monitor whether the subsequent trading volume can continue to cooperate.
Conclusion: Currently in the early stage of a clear pump trend, technical indicators are fully bullish, it is recommended to focus on buying on dips.