In the current trend, BTC has already touched the strong support level below and continues to fluctuate in the range of 94,000-98,000. From the market point of view, the long and short sides have repeatedly fought in this range, but the support below is strong and the shorts have never been able to effectively break through.
Currently, the area around 94,000 is a strong support area that has been tested many times recently, and the bulls have shown a strong willingness to protect the market at this position.
The upper pressure level is near 98,000, which is a short-term resistance. After breaking through, it is expected to open up upward space.
The longer the current range oscillation time, the more sufficient the chips will be changed, and the stronger the momentum will be during the subsequent breakthrough. Therefore, Brother Xian’s idea is to go long on dips near 95,000. Go long on dips near 98,000, and reduce positions or stop profits appropriately when the target is close to 98,000.
Strict stop loss: When it falls below the support level of 94,000, stop loss decisively and wait for new signals. The current volatile market is the market accumulating power, and it is also an opportunity for us to layout. Remember one sentence: the longer the horizontal line is, the higher the vertical line is! The longer the oscillation time is, the stronger the upward force will be when the subsequent breakthrough occurs. Be patient, buy on dips, and wait for the flowers to bloom!