The recent violent short squeeze has made bears very uncomfortable; last night, Bitcoin had a slight pullback, revisiting the upper edge of the previous consolidation range, oscillating downwards during the day. However, at a slightly larger level, it still maintains an upward oscillation rhythm at a high position.
The current position is a low-volume pullback to the lower edge of the channel, and it has formed a pullback resonance with the previous consolidation range after breaking out. The smaller level is expected to hold, and we look forward to further upward rebounds in the future.
There is nothing particularly special in terms of form or volume; the function should be treated with a fluctuation mindset, waiting for clear signals at the boundary, and engaging in trades with a high profit-loss ratio.
A few positions to pay attention to
Support position
First position 95500-95800
Second position 94600-94800
Third position 93000
Resistance position
First position 97600-97900
Second position 98320-98600
Third position 99550
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#BTC trend analysis