【Six-Fold Flurry BTC Market Analysis】Short-term pressure adjustment, key support about to be tested!
Bitcoin has fallen from the high of 97895, currently oscillating around 96150, with 4 consecutive hours of bearish candles. The short-term upward momentum has clearly weakened, and the market has entered a technical correction phase.
On the 4-hour level, the price has fallen below MA7 and MA25, weakening the short-term bullish trend. The MACD momentum bars continue to decline, showing clear signs of adjustment, but the market has not turned bearish. The short-term structure is weak, and if the 96000 support is broken, further correction should be anticipated. The intra-day support level to watch is around 95500; if it breaks, it will test the previous platform level of 95000, potentially opening up space below.
Aggressive Long Position: Currently attempting a light position around 96100, with a stop loss at 95300 and targets at 97300 and 97800.
Conservative Long Position: Consider entering after a stabilization near 95500, with a stop loss at 94800 and the same targets as above. $BTC