#BTC

[1-hour level]

Bitcoin fell to the bottom of a range in the last hour, then quickly rebounded, and now the price has returned to the upper edge of this range.

There is no reversal signal at present, and the overall upward expansion trend remains.

[4-hour level]

The 4-hour chart shows that the price first fell to around 93,000, and then a K-line with a long lower shadow appeared, and then the second K-line rebounded directly.

Now the price is trying to break through the middle support line (middle track), and the entire oscillation range has narrowed to around 1,800 points. There is no danger signal, and the trend is relatively healthy.

[Daily level]

On the daily chart, the price is still running above the upper track of the Bollinger band and the 7-day moving average, and is generally in an upward channel. The price fluctuation range has gradually narrowed in the past three days, but the upward trend has not changed

[Key Position]

Important Support:

First Line of Defense: 93,400

Second Line of Defense: 91,700

Life and Death Line: 91,600

Main Resistance:

Core Resistance: 95,250

Important Challenge: 95,700

[Today's Trend]

Bitcoin is now significantly stronger than the US stock market. Although the US stock futures fell slightly, Bitcoin can still hold the hourly support. This "maverick" trend may be related to the news that the Arizona government announced the strategic reserve of Bitcoin.

After the US stock market opens tonight, it needs to be observed: If the US stock market continues to fall but Bitcoin can remain strong, it may mean that the cryptocurrency market has begun to move out of an independent market

(Tip: The current price is in a key pressure zone. It is recommended to pay attention to whether 94,800 can be effectively broken through. If it encounters resistance, you can consider partial profit taking; if it breaks through with large volume, it will look up to 95,700)