【BTC5.6 Daily Trend Analysis】
1. Key Support and Resistance
Resistance Level: $95,700 (Strong pressure in the previous high oscillation zone)
Support Level: $93,600 (Potential intermediate support), target looking down to $92,800.
Current Position: $94,440, situated between the previous high and the lower range, showing a weak corrective structure.
2. Price Action Interpretation
False breakout leading to a decline: After breaking through $95,700 earlier, there was a rapid surge, but it then formed a high point and continued to decline, with clear moving average pressure.
Short-term Signal: Today's long lower shadow bullish candle rebound may be a temporary stop-loss signal, but the reversal still needs verification.
【Operation Suggestions】
Shorting Priority:
Light shorting: If a rebound reaches $94,800~$95,200 and encounters resistance, set the stop-loss above $95,500. Further bearish outlook: If it effectively breaks down below $93,600, target to focus on $92,800.
Risk Warning:
If it stabilizes above $95,700, a bullish mindset is required;
Current volume has not increased, and the rebound may be a trap for bulls, so beware of false breakouts.
