Analysis of the market situation for Bitcoin Auntie at 4:26 AM, high position fluctuations!
In the evening, Bitcoin experienced a surge in momentum, first reaching a high of 95,000 before pulling back to 93,876, then momentum surged again, breaking through 95,000 to a recent high of 95,769. The evening's bullish market was also grasped once more, with the pullback range being higher than expected, but short-term flexible arrangements still yielded gains. Auntie's trend is similar to Bitcoin's, first breaking the point of 1,800, then following Bitcoin's rise to a high of 1,826, with both sides currently maintaining high position fluctuations.
On the four-hour chart, the day's sideways adjustment provided enough time for the momentum to accumulate, and the evening's upward movement was anticipated. Although the price increase was significant, the downward turn of the upper track has not been alleviated, and without breaking through the upper track in the short term, there will be strong pressure, which means the high point given by the long positions is around 96,000. Technical indicators are flattening out from a divergent upward trend, reducing the likelihood of effectively impacting high positions again.
On the hourly chart, the upper track is being suppressed by the four-hour line. After the price broke through the upper track, it did not demonstrate strong continuity, and technical indicators also showed divergence. Considering the relatively stable nature of weekend markets, it is expected to maintain fluctuations in the high position range. The strategy on the Silk Road is to sell high and buy low within the range. Pay attention to the support level at 93,000 on the downside, and if the upward position breaks, then pursue the continuation of the trend, with short-term flexible operations and reasonable exits.
Subsequent Bitcoin bullish reference at 84,000, looking at 86,000; Auntie reference at 1,770, looking at 1,830.
