#加密市场反弹 Bitcoin is stuck here again, and it’s in this ambiguous position with resistance above and support below. What can we do in this situation? If you can’t understand the market, just wait and watch; if your hands are itchy, just scratch them.

👈🏻

Talking through the chart: In the hourly timeframe, the position circled in red is filled with doji and pin bar candles, indicating that there is a serious divergence at the 87700 level, with bulls and bears fighting it out. We don’t know who will win; time will tell you who is stronger.

Continuing to look at the chart, still in the hourly timeframe, by pulling the Fibonacci levels from previous highs and lows, it can be clearly seen that Bitcoin has completed the 1:1 upward target and has even exceeded its task. Now it's just a tad away from reaching the 1.618 level.