BTC rebounded with US stocks last night, but the rebound was relatively weak and began to face pressure. During the day, it showed a slight downward trend.
The entire segment of the pullback shows that the bears are starting to gently increase their volume. They have continuously tested the 93700 area. This position was formed by the bears' passive liquidation during the previous rise. Personally, I believe its effectiveness is limited and I lean more towards the support strength around 91800. However, subjective speculation still needs to respect the observable market trends. If it continues to consolidate without breaking this line in the future, then the support remains valid.
At the 4-hour level, it is necessary to pay attention to whether it can effectively stand above 95500 again during the next rebound test. Potentially forming the right shoulder of a high-level head and shoulders pattern.
Several positions to pay attention to
Support Position
First Position 93000
Second Position 91600-92000
Third Position 90500-90800
Resistance Position
First Position 95500-95700
Second Position 96400-96600
Third Position 97500
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