1. Key points of today's market: The dividing line between bulls and bears has appeared

The large pancake has surged today to the previous high area and then retreated. The current trend has entered a critical node for verifying multi-directional trends, and attention should be focused on the support level of 96160:

- If this level is held: Bullish trend continues, and potential for a rebound may open up;

- If effectively broken: Short-term trend turns to correction, and downward risks need to be guarded against.

2. Detailed deduction of multi-directional trends

1. Bullish trend continuation signal (bullish)

- Confirmation conditions: Price retraces without falling below 96160 and rebounds breaking the short-term resistance level of 97260.

- Upward target:

- First target: 97866 (near previous high resistance);

- Second target: 98500 (key level for trend extension).

- Logical support: This support level is the recent low point of the upward wave, representing the bullish defense line. If it holds, market buying sentiment will stabilize.

2. Short-term correction risk signal (bearish)

- Confirmation conditions: Price falls below 96155 (close to the support level, can be seen as a break confirmation), and the rebound fails to recover that level.

- Downward target:

- First support: 95290 (lower edge of recent oscillation center);

- Second support: 94415 (Fibonacci 38.2% retracement level);

- Third support: 93445 (strong support range, previous dense trading area).

- Logical support: After breaking the level, short-term technical indicators (such as MACD death cross) may weaken, and the market may turn to wait-and-see or sell-off.

3. Operation strategy and risk control recommendations

Bullish (long) strategy:

- Condition: Price stabilizes above 96160 and breaks the 97260 resistance level;

- Operation: You can gradually build long positions at low points, targeting 97866-98500;

- Risk control: Stop loss set below 96160, take profit reference based on resistance level position.

Bearish (short) strategy:

- Condition: Price falls below 96155, and the rebound is hindered at that level;

- Operation: Lightly short or wait and see, targeting lower at 95290-94415;

- Risk control: Stop loss set above 96155, take profit reference based on support level position.

General risk reminder:

- Cryptocurrency is highly volatile, and position size must be strictly controlled (suggested single position size ≤ 5% of total funds), to avoid chasing highs and cutting losses;

- Closely monitor changes in trading volume: If volume increases when the support level is broken, you need to exit quickly; if volume increases when breaking the resistance level, you can consider adding positions;

- Macroeconomic data, market sentiment, and large pancake trading volume may exacerbate short-term volatility, requiring dynamic adjustment of strategies.

4. Summary

The core contradiction in today's large pancake trend is concentrated in the tug-of-war between bulls and bears in the range of 96160-96155:

- If stabilized, the upward trend will continue, and bulls are expected to challenge previous highs and higher targets;

- If the level is broken, a correction cycle will begin, and the support levels below will be tested in sequence.

It is recommended to take this range as the core of risk control in operations, avoiding premature judgment of the market. Wait for clear trend signals before intervening, and always follow the trading principles of 'light position, stop loss, and follow the trend.' $BTC #BTC走势分析