$BTC
There is obvious strong resistance near 95500. If it can break through 95780 in the next 3 days, the market may continue to rise.
The daily chart has been fluctuating for 6 days. The key point is coming; there is a high probability that a direction will emerge! Personally, I think the likelihood of a rise followed by a pullback is relatively high!
However, if 9 consecutive bullish candlesticks are formed, the risk will increase significantly.
Currently, on the 4-hour, 6-hour, and 8-hour charts, many indicators are showing bearish divergence (prices are rising but indicators are not following, indicating that the upward momentum is weakening). This kind of hard pull with bearish divergence will eventually collapse.
Last month, Bitcoin suddenly surged, forming a large bullish candlestick. From the monthly perspective, there is indeed a possibility of continuing to push to a new high, but after the rise, it is very likely to correct.
Previously, I predicted a significant drop near 86000, but when I found no signs of selling, I remained bullish, and the predictions were confirmed. However, don't think it can keep rising indefinitely; the market can reverse at any time, and selling is the key signal.
Several key levels: resistance levels at 95200, 96200, 96600, 97700, where prices are likely to be pushed down easily;
Support levels at 93000, 92100, 91600, 90600, where a drop may lead to a rebound.
Strategy reference:
Short on highs
Long on lows
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