01 Review of Yesterday

Yesterday, it was mentioned that if a golden cross occurs on the 4-hour MACD, BTC has a chance to further challenge 110,000, but the actual trend did not form a golden cross structure, and the market chose to fluctuate and retreat.

Overall, it is still in a weak oscillating trend, and although there was a short-term surge, it did not form sustained upward momentum, just as expected—first rising then falling.

02 Today's Analysis

The current price has entered a correction phase, and the trend is leaning towards a pullback and accumulation at the support levels of the 8h-12h major cycle:

8-hour support: 98,920

12-hour support: 96,720

Further down are 94,672 / 92,090

The main force tends to “stab down” quickly to release emotions and then strongly pull up, and the rhythm does not have the conditions for a deep waterfall, but rather a pseudo-breakdown + rebound washout structure.

If it pulls back to the key support range, it is recommended to buy low.

Strategy Reference:

Continue to pay attention to stabbing opportunities near the EMA20 moving average on the 1h~4h level, maintaining a short-term bullish mindset.

03 Key Ranges

Short-term support levels: 98,920 / 96,720 / 94,672 / 92,090

Short-term resistance levels: 106,000 / 110,000 / 120,450

04 Operational Suggestions

Short-term mindset: stab down to enter long positions, set stop loss below the lower edge of the key support level

Do not chase at high levels: short-term trend has not turned strong, maintaining an oscillating pattern

If it descends to the key support as expected, consider gradually accumulating spot or contract long positions around 94,672-96,720

Target back to 106,000-110,000-120,450