Market Analysis for $BTC
Yesterday, the daytime market was relatively calm, but in the evening, with the announcement of US stock prices and economic data, Bitcoin first surged above 95,000, then fell back to a low of 92,848. However, bulls quickly retaliated, rebounding to around 94,000. After a brief adjustment, the market fluctuated upward, and the long position set during the early hours successfully captured nearly 1,500 points of profit.
Market Analysis
- Daily: Another cross-bodied bearish candlestick, but the overall trend still shows bulls in a dominant position.
- 4-Hour: Prices continue to operate between the upper and lower bands, with technical indicators showing divergence; market sentiment is quite cautious, and it is expected that the main trend during the day will still be fluctuations and adjustments.
- 1-Hour: Bullish volume has decreased, encountering resistance on the way up, but the pullback space is limited. If the price can stabilize above 94,000, there will still be opportunities to continue rising; if it breaks down, it may further test the support below, so caution is needed for short-term weakness risks.
Short-term Operation Strategy
- Range Reference: 95,200 - 94,000, mainly focus on high selling and low buying.
- Key Levels: Breakthrough of the range can follow the trend, paying attention to previous highs and lows for support/resistance situations.
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