Bitcoin is playing tricks again! 93500 wasn't broken, but the 4-hour rebound feels weak like a soft shrimp, can't even break through 94800, the bulls are just paper tigers!
The wave in the early morning didn't break 93500, the 4-hour chart indeed bounced out a divergence, but the rebound strength is as weak as if it hasn't eaten! It can't even touch the 1-hour resistance zone of 94800, indicating that the bulls are very weak, and the bears may counterattack at any time!
Short-term life-and-death line:
93800 (1-hour support): If it breaks, wait for it to drop to 93300 (4-hour support)! 94800 (1-hour resistance): If it can't break through, continue to be bearish, short-term is still determined by the bears!
Big trend:
The 4-hour level is a downward channel, unless it can stabilize at 95000 (midtrack), otherwise the rebound is just sending money to the bears!
If 93300 can't hold, directly look at the daily MA120——91450! If this position breaks, the abyss below is 88000!
Short-term (1-4 hours): Want to short? Wait for the rebound to around 94500-94800, if it can't go up, short it, target look at 93800→93300!
Want to catch the bottom? Wait around 93300 to see if there are any signs of stopping the decline, try a small position to go long, but if it breaks 93000, run quickly! Medium-term (daily): 91450 (MA120) is the watershed for bulls and bears!
If it stabilizes here, you can bet on a rebound, but if it breaks down with volume, just wait for 88000 to take over! Want to see a trend reversal? The daily line must close firmly above 96500 (previous high neckline), otherwise, it's destined to oscillate down!
Short-term: 93800-94800 range oscillation, but leaning bearish! Breaking 93800 may accelerate the drop!
Medium-term: 91450 is key, breaking below waits for a deeper correction!
Recently, U.S. stocks and macro data may cause some action, BTC may spike and wash out at any time!
If you were a big player, which one would you choose? I am preparing and listing some coins suitable for bottom-fishing as a plan for doubling down, rather than going solo, let’s overcome difficulties together, those who understand come.
