$BTC 😁 The weekend CME closed around 95800, so it will basically fluctuate around 95800 over the weekend, with not much volatility 😬 From this morning's Binance candlestick analysis, this position is a battleground for bulls and bears, 🤦♀️ From the emotional perspective, many people feel that they are above the bull market trend line MA120, believing that they should go long on a pullback, which will also increase FOMO sentiment; this is one of the main factors that the major players want. The reason they don't look back and continue to push up is mainly due to the excessive short positions at the bottom of 8.3-8.5, 😭 Continuing to push up, many feel that the trend is about to reverse and are forced to cut their shorts, which is also what the major players want, 🤭 When most people are chasing, there is a high probability that the major players will operate in the opposite direction; this is the market.
😀 Returning to the chart, let's take a look at the technical side, 💁 Currently, there are 4 peaks with continuous divergence pushing up. From the candlestick pattern, the price is unable to rise, only continuously reaching higher points. Although there is volume at the bottom, it is volume without price, indicating that there is heavy selling pressure above, making it impossible to push the price higher. There is a certain risk in the market; even if it continues to reach higher points, it is merely a final struggle. The higher it pulls up, the greater the pullback space will be. Personally, I still do not believe this market is reversing; it will eventually have to reach its destined position. 💁 Upper resistance: 95800/96600/97700/98700 Lower support: 93000/91900/89900/87400#BTC走势分析