Today, influenced by liquidity, it has mainly remained in small-level fluctuations throughout the day.
Today's rebound reached a high of 118456, perfectly confirming the tendency towards a 1h pullback and the forecast for the top of the range mentioned in yesterday's article.
It is expected that after breaking below 117000 slightly later or tomorrow, the 1h pullback can end. Since the larger uptrend has not finished, after waiting for this pullback to end, one can observe the strength of the rebound and trading volume to see if it can rise directly and create new highs.
Market Analysis
1h
It can now be confirmed that a 1h level pullback is in progress. However, the structure is not yet complete, so everyone can be a little more patient. The specific target can still focus on 115,000 to 116,000.
As long as the emphasized target range has sufficient support, there will definitely be a 1h rebound later and is expected to break through 122000 again. However, if the price directly breaks through 115000, the short-term trend will change. If you went long and the forced liquidation is above 108000, it is advisable to stop loss after breaking below 115000.
Short-term
15m
If it cannot break through 119300 in this 15m, it will not disrupt the 1h pullback structure continuing down to 115000. Therefore, shorting near the current price of 118000 with a stop of about 1000 points allows for a potential gain of at least 2000 points. From a risk-reward perspective, it is still worth trying.$BTC #BTC #BTC走势分析
