01 Yesterday's Review
A large bullish candlestick, a thousand troops come to meet! Bitcoin has strongly risen above $100000, with a daily increase of 7.5%, and trading volume more than double that of the previous days, a typical pattern of increased volume and price rise.
The current rise is driven by 8-hour level momentum, the trend remains strong, still in a bullish phase. Although there is technical pullback pressure in the short term, the overall direction remains bullish.
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02 Today's Analysis
Currently in a phase of 8-hour upward structure, no top signal has appeared yet.
The decline is more of a normal pullback; look for long opportunities on the 15min-30min-1h levels.
Short-term will revolve around the $100000 line with high-level fluctuations, with the possibility of repeated spikes and washing out.
If the volume continues to surge, it may break through the 105000 resistance zone; if the volume decreases, pay attention to support performance.
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03 Key Ranges
Short-term support levels: 99500 / 97750 / 95200 / 92840
Short-term resistance levels: 105000 / 110000 / 120450
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04 Operation Suggestions
Short-term strategy: Buy low on pullback to support, set stop-loss below key level.
Breakthrough strategy: If effectively breaking through 105000, then can add positions cautiously.
Position control: During high-level fluctuations, pay attention to controlling the pace, strictly take profits and stop losses, avoid emotional trading.
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