Daily K-line trend analysis: Daily line shows that the rebound is still strong. The 4-hour level remains in a wedge adjustment. The hourly level forms a typical bull flag pattern (Candlestick teaching episode 3). Comprehensive technical indicators show there is still upward space. Maintain original judgment: need to break below the wedge adjustment to look bearish. Yesterday's review: A loyal follower triggered an Ethereum long position at 1992 while asleep and has taken profit, with the target 2025 successfully reached. The short position at 201 published in the square a few days ago for Dogecoin performed well, but the short position entered by the loyal follower group faced a top divergence and was stopped out, only to see a larger drop occur afterward, as if the sky was collapsing.
Resistance Level 1: 89300 (Daily maximum Fibonacci retracement + harmonic pattern + potential retracement point after triangle consolidation breakout)
Resistance Level 2: 90900 (0.886 retracement + another section 0.786 retracement + upper Bollinger Band + previous spike low)
Support Level 1: 86500 (Bull-bear dividing line + lower boundary of wedge adjustment + bull flag support + left shoulder of head and shoulders bottom + hourly level Vegas + slant wave pattern + slant wave pattern)
Support Level 2: 83750 (Bullish Bat pattern at 0.886 position, only consider after breaking the wedge adjustment)
$BTC
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