The magical 0.618!

The key resistance is at the Fibonacci 0.618 level (96,511.6). If the price breaks through this area with large volume, there is hope to open up upside space; on the contrary, if the pressure continues, it may pull back to test the intraday low of 93,650 and the support below. The focus of the long and short game is on the battle between the 96,000 psychological level and the 93,650 short-term support. In terms of operation, bulls need to wait for the price to stabilize at 0.618 before following up, while bears can pay attention to the break signal of 93,650. The medium and long-term trends still need to observe the direction of macro capital flows. $BTC