$BTC

The current market is still in a downtrend, and it will fluctuate along the trend line in the short term. If there is a rebound and a breakthrough of the downward trend line, pay attention to whether the price stays within the range of 94500 to 94700.

The first support level given in yesterday's analysis, 93500 to 93800, is a key support zone in the short term; this range was the low point of the previous wave. If it falls below this level, the downtrend will intensify.

Currently, the price has temporarily held the range of 93500 to 93800, which can be seen as a good risk-reward area. Although there may be a chance for a rebound, the lack of buying power suggests that the duration of the rebound is likely to be short.

Long entry reference: accumulate longs in the range of 92000-92800.

Target: 93800-94700

Short entry reference: accumulate shorts in the range of 95400-96000.

Target: 93800-92800

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