$BTC
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Web3妮妮
3h
Bearish
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Bitcoin has experienced yesterday's non-farm data. We have already mentioned that the bullish momentum was obviously insufficient as it surged. We should start to avoid going long as much as possible. Currently, within the 4-hour timeframe, there is still a risk of a pullback.
In the short term, pay attention to whether this 4-hour candlestick can stabilize at the middle line. If it fails to do so and pulls back, we need to focus on the range of 95000-96000, which is also a point where the previous neckline broke. Additionally, we need to pay attention to the resistance between 93000-94000. Finally, we still need to keep an eye on the lower support level of 91500. For the short term, these are the key levels to watch. Above, Bitcoin is still expected to rally after confirming a pullback.
We need to monitor the breakout situation at the integer level of 98000-100000, as 100000 remains a relatively strong resistance level. Therefore, we should pay attention to the breakout situation at this point.
