$BTC
Bitcoin dipped to a low of 95160 at midnight, with the actual price falling to around 953. Last night, it was mentioned that there is support at 950 below, and the decline started from around 957, with buying increasing as the price dropped. By this morning, the price rebounded to a high of 96955, but the rebound strength is weak. Long-time followers should be able to secure profits of about a thousand points.
Midnight can be described as a peaceful night, with sluggish trading volume and anxious market sentiment because most retail investors are choosing a direction. Major players are selling off with an average price in the 975-985 range. Personally, I lean towards high positions after a rebound, and I don’t dare to consider low positions for now. The daily trend shows a clear downward trajectory, and it hasn’t fully dropped. The weak rebound strength already indicates this. Therefore, I believe the price will likely drop below 947-940 at least once this week before we can say it has fully declined. If we can’t touch 985-990 in two days, the only word is: drop!
As for the intraday prices, let’s continue to observe line by line, as there is a lot of uncertainty. A sustained rebound requires holding above 96600. I don’t think we can say it’s a rebound; the upward strength won’t be too strong, we can only say it won't drop! Now, even a 4-hour level below 96600 feels like a signal to me. Currently, the batch buying is a bit aggressive; let’s wait.
Reference
At 12 o'clock, if the price is below 96300, start batch buying at 970 with a target around 950.
At 12 o'clock, if the price remains at 96600, continue to wait for a rebound to the 975-983 range for light batch buying. If the price breaks through 983, then hold until around 990-994 for additional buying. Be sure to start with light positions!