BTC Operation Strategy Analysis
The trading rhythm starts unexpectedly, with frequent market fluctuations, requiring a high level of vigilance in operations.
Key Price Levels and Strategies
Long Signal: If BTC breaks through $93,545 with volume and the hourly closing price stabilizes at this level, you can enter a long position on the right side and set a stop loss below the breakout;
If a false breakdown occurs at $92,568 followed by a recovery, you can take a small long position, with the stop loss set at the low of the false breakdown or $91,880.
Cautious traders can place a long order at $91,627, and if it breaks below $91,000, a stop loss must be executed. Short Signal: If $92,825 breaks down with volume and rebounds cannot recover, you can enter a short position on the right side;
If a 2b false breakout pattern occurs at $95,160, you can take a small short position, but if it breaks through and stabilizes above the hourly high, you must exit with a stop loss.
Trend Observation
The current price has retraced to the 78.6% Fibonacci level on the hourly chart (approximately $92,511), which is a crucial support level. To continue upward, it must break through $93,618, aiming for $94,417-$94,944; otherwise, the upward movement will be blocked.
Key Ranges
Resistance Levels: $94,017-$94,560-$95,284
Support Levels: $93,003-$92,568-$91,627
If it breaks below $92,930 on the 4-hour chart and does not recover quickly, the target below will shift to $91,645-$90,637, watch out for pullback risks.
