BTC high-level fluctuations have lasted for 3 days, and just now it has finally formed a relatively ideal 1h pullback structure. We should continue to observe the pullback strength a bit later, with a short-term target around 83000.
If 83000 has strong support, then it remains in a range-bound category, and in the coming days, it will build a period of hourly level center. If it breaks through quickly, it will continue to extend downward to around 80000 or even 78000.
So those who want to make longer-term arrangements still need to continue to wait patiently.
Market Analysis
First, I won't elaborate much on the 4h level today; friends who want to know can refer to yesterday's market analysis.
Back to 1h, currently I personally tend to believe that the 1h pullback is already in progress. In fact, for short-term operations, 86000 is definitely a position to short, because it only requires a small stop loss of a few hundred points to aim for a large profit of several thousand points. If my judgment is accurate, then the current 1h pullback will at least reach around 83000 once. If there is strong support from the bulls afterwards, it can maintain a range-bound trend to continue building the hourly center between 83000-86000. But if the price quickly breaks down through 82700, it will definitely continue the 1h pullback to around 80000, or even 78000. So, regardless of which point in the 83000-86000 range is shorted in these 3 days, one can at least wait to retreat safely. Those with light positions are likely to profit or have already realized profits.
Short-term
15m still has no left-side opportunities, and I do not recommend bottom-fishing for long, because the bottom is still far from being reached. Shorting requires setting the stop loss around 86500, targeting the range of 84000-83000, which can achieve a 1:1 risk-reward ratio.
Direction: Long
Buy Point 1: Around 82700
Buy Point 2: Around 80300
Buy Point 3: Around 78500
