I. Key positions and trend judgments

Tonight, we need to pay special attention to the performance of the 4-hour K-line at the 94200 position, which is the core node for determining the direction of the short-term market:

1. Upward conditions: If the 4-hour closing price holds above 94200, it will be seen as short-term bullish strength, and the market is expected to continue its rebound trend. At this time, attention should be paid to the multiple resistance levels above:

- First resistance level: 95780 (recent densely traded area’s lower edge, breaking through may open up upside potential);

- Second resistance level: 96980 (previous minor high, needs volume to break);

- Ultimate resistance level: 98500 (key resistance at the daily level, if reached may trigger intensified bull-bear competition).

2. Pullback risks: If the 4-hour closing price fails to hold above 94200, caution is needed for a market reversal and pullback, with support levels below being:

- First support level: 92700 (near the intraday low, a short-term dividing line between bulls and bears);

- Second support level: 91880 (4-hour Bollinger Band middle track, may trigger technical buying);

- Strong support level: 90875 (important support at the weekly level, breaking below may expand the adjustment range).

II. Suggested operational strategies

- Aggressive traders: If it holds above 94200, a small position can be taken to go long, targeting 95780 and then 96980, with a stop loss set below 94200; if it breaks below 94200, a short position can be taken with targets at 92700 and then 91880, with a stop loss set above 94200.

- Conservative traders: Wait for clear breakout signals (such as volume holding above resistance or breaking below support) to avoid blindly chasing trends near key positions.

III. Summary

The short-term market revolves around 94200, with a tug-of-war between bulls and bears. The closing price on the 4-hour chart is a key basis for determining direction. An upward movement requires breaking through multiple resistance levels to verify strength, while a pullback should focus on the strength of support levels. It is recommended to closely monitor changes in trading volume and market sentiment, control position risks, and avoid excessive use of leverage.$BTC #比特币走势