From the perspective of a senior market analyst, the 4-hour chart of BTCDOM/USDT shows a strong bullish structure, with multiple technical indicators resonating, indicating a potential continuation of the upward trend. In terms of market structure, the price is clearly in an upward trend. The Exponential Moving Averages (EMA) are in a perfect bullish arrangement (7-day EMA > 25-day EMA > 99-day EMA), and the price is far above all moving averages, which is a typical characteristic of a strong trend. Meanwhile, the price is running along the upper band of the Bollinger Bands, indicating extremely strong buying momentum. On the technical indicators front, this bullish price action is strongly supported by momentum indicators. The Relative Strength Index (RSI) is in the bullish zone above 60, showing strong buying power, and has not entered the severely overbought area, leaving room for further upside. The MACD indicator also sends a positive signal, with the fast line above the signal line and the histogram being positive, confirming the health and sustainability of the current upward momentum. The logical basis for this trading setup lies in breaking through key resistance levels. The price has formed resistance near the previous high of 4,752.9 and is currently accumulating strength in an attempt to break upwards. The mid-line of the Bollinger Bands and the 25-day EMA form a solid dynamic support convergence zone around 4,675. Once the price successfully breaks and stands above the previous high, it will likely attract more buying into the market, creating a high-probability trend continuation trading opportunity.
**Trading Setup:**
- **Entry Point:** 4,755 (waiting for price confirmation to break the previous high of 4,752.9)
- **Target 1:** 4,850
- **Target 2:** 4,950
- **Stop Loss:** 4,670 (set below the support area of EMA(25) and the mid-line of the Bollinger Bands)
$BTCDOM
BTCDOMUSDT
Perp
4,719.6
+0.77%