$BTC Daily Market Analysis: A Guide to Bull-Bear Battles in a Volatile Market
Overnight, Bitcoin played out a classic "pullback-rebound" oscillation script, with the current price still consolidating in the 93400-95000 range.
This narrow fluctuation actually provides clear boundaries for short-term operations— as long as one correctly identifies the upper and lower limits of the range, both bulls and bears can find arbitrage opportunities.
From the daily rhythm perspective, the morning's rebound followed a pretty regular pattern: after the Asian market opened, bulls organized two waves of impulsive upward movements, peaking at the round number of 95000 USD, but bears accurately suppressed the selling orders in the 95000-95200 area, causing the price to quickly fall back to 93400 USD.
Interestingly, in the final hour, bulls made a comeback, pushing the closing price back above 95000, showing strong resilience in buying below.
There are a few technical details worth noting:
The hourly chart shows that the trading volume during the downtrend is gradually shrinking, indicating that the bears' selling pressure is weakening.
Especially during the last dip to 93400, the trading volume decreased by 23% compared to the previous two pullbacks, a typical characteristic of "exhaustion-type declines" where long lower shadows often appear on candlestick charts. In the last eight hourly candlesticks, five had lower shadows, indicating that funds are buying at the key support levels during each dip: from 93000 → 93400 → 93800, with each pullback low being raised, the bulls are quietly building a defensive line.
Current operating strategy:
Aggressive: Place long orders in the 94200-94500 area, with a stop loss set 100 below the previous low of 93800, targeting the breakout situation at 95000.
Conservative: Wait for the price to break above 95200 and confirm a pullback before following up, or short when it breaks below 93800 and retests.
Key focus: Pay attention to the gains and losses at the 95000 round number, as this is both a psychological defense line for the bulls and a key area for bear attacks.
