The BTC pin bar pattern yesterday was shocking, and there are two possible interpretations for the subsequent trend. The specific analysis is as follows: 【Today's Market Analysis - BTC - 12.6】 For technical analysis learning reference only, not investment advice, and profits and losses are at your own risk.
Daily Analysis: As mentioned in yesterday's analysis, BTC broke through the $100,000 mark, and the subsequent trend gradually shows characteristics of a bull market. A huge pin bar was formed yesterday; although this pattern seems intense, it is normal in a bull market. After the bulls were thoroughly washed out, the market can easily rise. The current price is around 97X, with the extreme correction position in the 95 range, which may not even be touched. The first resistance level above is $999; once broken, it could drive towards around $104,000.
4-Hour Analysis: The current price at 97X is very crucial and must not fall below. If it breaks, it may return to the extreme correction position. If it cannot hold after the correction, it may further drop to 92. However, currently, the liquidity for bulls in the market is very weak, and almost no one dares to increase their position. The liquidity for bears above has been quickly cleared, while the bulls did not have enough time to react. However, if this oscillating market continues for a long time, it may accumulate baseline bull liquidity, and the price may drop to around 95 for accumulation.
15-Minute Analysis: A reminder to everyone, the price must rise quickly; if it rises slowly, it is very likely a trap for bulls (the bullish candle at 9:15 when the market just opened is a typical bull trap pattern), followed by a quick correction that breaks the stop-loss line. Currently, the market is in a state of price and volume consolidation, and the bearish momentum remains strong due to yesterday's pin bar movement. Therefore, bearish momentum needs to be gradually digested. Keep an eye on the benchmark price and wait for further signals.
Intraday Trading Thoughts: Conservative traders should remain flat, while risk-tolerant individuals can go long with a small position during corrections; technical traders can take positions either long or short to hedge, waiting for the scenario to unfold to ultimately capture profits. #历史见证者打卡 #比特币插针90.5K
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