The daily and short-term trends failed to break the resistance level of $96,000, confirming last week's predictions about this range.
A pullback signal has appeared, and further short-term increases will require more momentum accumulation. It is recommended to avoid chasing long positions at high levels and to take profits in a timely manner to mitigate the risk of being trapped.
Bitcoin analysis and support strategy for today:
At the 4-hour level, a top divergence signal has emerged, and the morning's decline aligns with expectations. $92,700 is a strong support level, and if the price falls below $93,600, the next support range is between $92,800 and $91,600, which is suitable for short-term long position setups.
The current bullish trend remains strong, and missing the low range ($87,000-$88,000) may mean missing out on major market movements.
Therefore, it is recommended to actively set up long positions in the range of $92,800 to $91,600.
