01 Review of Yesterday

Yesterday, BTC began a sustained downward fluctuation at the hourly level from the morning, plunging to 93377 (Binance spot) before stabilizing and rebounding just before the US stock market opened. This low point was close to the 8-hour EMA52 line, indicating that the technical retracement has basically been completed, followed by a rebound rhythm.

On the daily chart, a bullish candle with a lower shadow was formed, the body engulfing the previous days' decline, signaling a clear stop in the downward trend, but the trading volume remained flat compared to the previous day and did not increase significantly.

⸻

02 Today's Analysis

The current market has completed an 8-hour level retracement and is expected to continue the rebound trend in the short term. The hourly structure remains relatively strong, with technical support for further upward movement.

The daily chart shows a bullish candle body, the pattern is slightly bullish, but it lacks confirmation through increased trading volume. If capital does not continue to flow in, the price will face significant resistance in the 99000-100000 range.

It is important to note that at 2 AM Beijing time on Thursday (i.e., tonight's Federal Reserve interest rate decision), the market may experience severe fluctuations before the announcement, with the short-term risk of a “false breakout” as it may spike and then retreat.

⸻

03 Key Ranges

Short-term Support Levels: 92840 / 91550 / 89000

Short-term Resistance Levels: 96860 / 99700 / 102044

⸻

04 Trading Suggestions

Short-term Strategy: Focus on whether the 92840 support can effectively halt the decline and form a rebound; participate lightly in rebound opportunities.

Medium-term Strategy: As long as the daily structure is not damaged, consider retracements as opportunities for continuation after a pullback.

Risk Control: Be cautious of market shocks before and after the Federal Reserve's interest rate decision; control positions to avoid chasing highs.