Today, Aleng went out, and the market analysis video is temporarily suspended.

$BTC has currently shown a strong bullish trend, with the resistance level of 98400 broken, and has formed a bullish arrangement of moving averages. However, upon closely observing the hourly charts, the rise has not been along the ema7, so the subsequent pullback may directly break below the ema7. Currently, the MACD has shown a weakening bullish momentum, with the attempt to break 100,000 failing, and the pullback is highly likely to start from this moment.

At this time, we should focus on the two support levels of 97800 and 96500 for long positions, respectively centered around the hourly ema30 or ema60 (as the hourly ema changes quickly, as long as one overlaps with the level, it is logical) and the four-hour ema30. Currently, this position also coincides with key Fibonacci points.

As for those who still want to short during the pullback, from a technical analysis perspective, there is a vacuum above, and Aleng suggests not to short until the market rises to 102400. There may be pullback points, but they are not positions that can be predicted in advance.

Intraday trend analysis: Strong bullish trend

Intraday resistance: 102400

Intraday support: Around 97800 (observed from hourly ema30 or 60); 96500 (four-hour ema30) #BTC突破99K