In #BTC 01, the leek bravely entered the cryptocurrency market. Today marks the beginning of the first market analysis. As I am still learning, all opinions are for reference only. I hope to share market insights with everyone every day in the future.

From a higher timeframe perspective, BTC is still in a bullish trend. Since breaking out of the consolidation zone on April 21st and reaching its peak on May 2nd, it has risen for nearly 11 days before starting a correction. However, the magnitude of the correction currently appears to be small. When can we expect a reversal? A reversal can be expected when the price falls below 91500. As long as the price does not drop below 91500, the bullish trend remains intact.

Intraday, the price has been hovering around 93500 - 95000, both of which are daily level resistance and support. 95000 is the 0.618 retracement level of the natural bounce from the low of 93500 as well as a daily resistance level, creating significant pressure. Therefore, unless the 4-hour level can break through and stabilize above 95000, the market outlook will see a rebound. Intraday, we can place rebound trades around the 93500-95000 range, and it is advisable not to take on too large a position. The closer it gets to 91500, the more one can consider increasing their position, but stop-loss should be set if it falls below 91500.