Night Market Analysis

📌Good evening, family. After a small retracement and consolidation in the afternoon, Bitcoin is continuing to climb tonight, currently reaching the weekly resistance near 885. The high-level resistance has been reached, so we will see if it can break through again. If it can break through, a move towards 910-930 is still possible. Note that this is a resistance level, which does not mean it will reach there immediately; it may not even reach it. In the short term, we still look at the pressures of 885, 895, and defending 905. These resistance levels can still be used to try to catch pullbacks. Manage your positions well, as I mentioned to everyone last week that 885 is an important support and resistance level. Currently, the market has just reached 885, and today is only Monday. The weekly level hasn’t stabilized yet, which means we can try short positions above the resistance levels this week. Until it stabilizes, there could be pullbacks at any time, so brothers, don’t blindly look for a bull market to start or anything like that. At the very least, we need to wait for this week to finish. Next Monday, if the weekly stabilizes at 885, then we can consider that the weekly level correction is complete and the weekly bullish trend has started. The small-level support for the night is at 875, 867, and 860. As long as the four-hour close does not break 860, this wave of upward movement is not considered over.

📌The aunt is still soft and fluffy. Continue to pay attention to the support levels below at 1620, defending 1607. As long as it doesn’t break the defensive support at 1607, the market can continue to look for a rebound. The rebound resistance above is at 1660 and 1690. If the four-hour close falls below the defensive support at 1607, we can abandon long positions and directly look at the support levels below at 1565, 1538, and 1505.