01 Yesterday's Review

Yesterday, Bitcoin peaked at 94696 (Binance spot), just hitting the upper edge of the previously indicated red chip concentration zone (95000-96000 range). Following that, there was a rapid decline on the 15-minute level, triggering a short-term pullback. Although there was a rebound on the 30-minute level, the volume was weak, and a top divergence pattern had emerged, indicating a weak trend, with prices continuing to test the 1-hour support.

The daily line formed a small bullish candlestick with a high position, and the trading volume was only two-thirds of the previous day, indicating that the market has entered a high-level stagnation period, with caution against short-term pullbacks.

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02 Today's Analysis

In the short term, the 1-hour support area will become a key testing point. If it can stop falling and show an effective rebound, further upward movement can be expected; if it fails, it will revisit lower daily support levels.

The daily MA120 support is around 91660, and it is expected that the first touch of this area will provide strong support, possibly forming a rebound structure. If this support holds, there is still hope to challenge higher targets such as the 99000-102000 range.

If it breaks below 91660, close attention should be paid to the strong support at the lower edge of the 89000 red box. If the price weakens to this level, it will trigger a period of consolidation to digest the selling pressure from the previous rapid rise.

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03 Key Ranges

Daily Resistance Levels: 96188 / 99700 / 102044

Daily Support Levels: 91660 / 88950 / 86120 / 82880

Chip Concentration Zone: 95000-96000 (Strong Resistance)

Strong Support Observation Level: 89000

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04 Today's Recommended Coins

$TON (Toncoin): Driven by the continuous expansion of the Telegram ecosystem, the activity level of TON chain ecosystem projects has surged. Currently, the technical pattern on the daily line is approaching a turning point of a converging triangle, with funds continuously flowing in. If it breaks out with volume, it could quickly hit historical highs. Suitable for small position accumulation to bet on short-term explosive gains.