Bitcoin (BTC) Market Analysis
【Daily Level】After the bullish order block (OB) was triggered at the daily level, the price has accumulated an increase of nearly 26%. At the current stage, it is recommended to take profit on daily long positions and reduce most of the holdings.
If the price further surges, it will approach the daily bearish order block area, where the pressure is significant. Plans are to set up short positions in this area.
【4-Hour Level】Yesterday, a breakout trading opportunity appeared at the 4-hour level (can go long above 88500 USD), but due to the influence of the previous months' volatile market, a cautious attitude was taken towards the breakout strategy, hence no participation. Long positions accumulated from 74000 USD have yielded considerable profits, so there is no need for regret even if the last segment of the market was missed.
Key reference points:
Upper pressure: Daily bearish order block area
Lower support: 88500 USD, 86000 USD
