As the holiday comes to an end, with the US stock market opening lower on the first trading day of the week, Bitcoin also cooperatively began to pull back in advance over the weekend.
As Bitcoin breaks below the small ascending channel, the strong trend begins to shift into a range. The subsequent pullback to the support around 92k becomes particularly crucial.
Having consecutively pulled back and broken through two small support levels, it is highly likely to test the lower edge of the previous range around 93k.
Core view: since a pullback has started, it is advisable to wait for a sufficient pullback before entering when a reversal signal appears. Whether it’s the win rate or profit-loss ratio, both are quite suitable.
A few positions to pay attention to
Support position
First position 93000
Second position 92400-92250
Third position 90519
Resistance position
First position 95600
Second position 97500
Third position 98360-98660
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