$BTC is under pressure in the short term, pay attention to the breakthrough of the key trend line
Recently, the hourly line of $BTC 1 has continued to fluctuate. The current price fluctuates around $95,600 and has failed to effectively break through the upper trend line resistance. The technical pattern shows that the market may be in the 4th wave stage of the diffusion end wedge adjustment. If it cannot stand above the trend line in the short term, it may accelerate the fall below the key support of $91,200 and form a C wave downward structure. If this pattern is established, it means that the market will complete the staged adjustment and accumulate momentum for the subsequent rebound.
From the disk data, $BTC closed down 0.27% at the 1-hour level, the high point gradually moved down, and the trading volume shrank simultaneously, indicating that the bullish momentum was insufficient. At the same time, BTC/FDUSD and ETH/FDUSD fell by 2.47% and 4.10% respectively, reflecting the overall risk aversion in the market. If the price drops further, it is necessary to pay attention to the long-short game near $91,200, which is not only the lower edge of the diffusion wedge, but also the medium-term platform support area.
Although the short-term downside risk has intensified, the market is expected to usher in a large-scale rebound after the technical adjustment. Investors need to be wary of panic selling after the break, but in the medium and long term, they can wait for stabilization signals and lay out potential reversal opportunities. At present, it is recommended to wait and see, focusing on the effectiveness of trend line breakthroughs and changes in trading volume to confirm the direction of the next stage.
