$BTC

Currently, it seems that the market is still in a continuous downtrend. It is recommended to observe changes in trading volume around 95200 and operate with a strategy of small-level adjustments. In the short term, the first support at 93500 is the previous low point on the 4-hour candlestick chart, and the price has maintained this range at least five times during consolidation.

Therefore, if the price breaks below this range, the probability of further decline will increase due to disappointment selling pressure. The current maximum downward space is around 92800. If the first support is broken, the probability of an N-shaped decline will be greater.

Due to the strengthening of the bearish trend, it is advised to choose ultra-short-term operations during rebounds. If the price rises without trading volume, operations should be conducted with a bearish outlook.

Resistance levels reference:

First resistance level: 95200

Second resistance level: 94300

Support levels reference:

First support level: 93500

Second support level: 92800

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