Bitcoin is currently in a larger range of fluctuations. The early morning data did not affect the market. There is no change in the thinking. Continue to pull back and go long. After a small-level pullback, it should continue to test the top of the channel.
After clearing Monday's low, Bitcoin price did not continue to fall. It rebounded extremely quickly. After touching the top of the range, it fell in a fluctuating manner. Pay attention to the retracement after the extreme speed. If it does not go out of the range, it will be traded according to the fluctuation. Short orders can be entered one after another, and 95,000 will be taken in batches. Look at the price reaction at this key position. If it does not fall below, you can take a long order.
Bitcoin is currently falling below the channel and is in a retest. If there is no strong demand to rise back into the channel and continue to fall, we will continue to see a pullback to the 91600-92000 range, retesting the starting point of the channel (potential long position for bulls)
Bitcoin currently has some support at 94,000. If 94,000 does not fall below, 96,000 will be tested frequently next.
If 94,000 falls below, it will continue to pull back. The important support level below is 92,000, and the current dynamic support level below is 91,600.
Successful breakthrough of the 95000 level high point, and if it breaks through the major channel, the maximum target can reach 100400-100700, with resistance levels in the 98000-99000 range.
Next, we will look at the battle between bulls and bears in the price range of 96000-96800. The accumulated liquidity at 95500 will be taken out, mainly focusing on the breakout situation at this price.
The Bitcoin price is still moving in a volatile upward channel. After reaching 94500, it made a deep pullback. The liquidity accumulated at 95500-95700 should still be taken out. The bulls are looking at the next target of 96000-96800.
Bitcoin is currently in a volatile range after a rapid rise, which may develop into a volatile upward channel forming a rapid + channel structure. If it continues to rise, trade around the channel top (96000-97000 range), take partial profits on long positions, and then watch for successful or failed breakthroughs. If the channel breaks down and retraces, go long at the key position of 91000-92000.
Bitcoin is consolidating normally over the weekend, continue to pay attention to the price reaction at the 93000 level. If it falls below, look at 91500. These two levels present a good opportunity for a long position.
Bitcoin's new high encountered resistance and fell; a wave of stretched liquidity has basically been cleared out. There is a certain demand for a short-term pullback in the market, and the dense liquidation area left in the small range is near 91500. Let's first pay attention to the 93000 level. 91500 still has some difficulty in the short term.
The potential trading range of Bitcoin mainly focuses on: Buying area at the bottom of the range Selling area at the top of the range The trend trading direction is primarily to go long at the bottom of the pullback range
At the position of Bitcoin 90500-92000, the neckline of a large M-shaped structure, once broken, it cannot fall back. Therefore, maintaining the price above 90,000 for adjustments is beneficial for the bulls' confidence, and there is still a possibility of continuing the upward attack.
If it breaks down, the breakout fails, the position of 88800 may bounce back, but coming back up will face relatively large selling pressure. If the breakout fails again, it will form a deeper downward correction. In simple terms, this wave of increase has ended.
Bitcoin's complex pullback, after pinning up and down, continues to rise. The 88800 range is the target stage for bulls. This is a key level for large-scale horizontal movements. If it breaks through successfully, the targets above are 91-92000. If it fails to break, it may pull back to the 87000 area (potential large fluctuation channel).
After Bitcoin pulled back to 86600, it rose again and broke through the range, successfully surpassing the expected first take-profit level. The current price is still 500 dollars away from the new core liquidation zone of 88600-89000. Bears need to save themselves; otherwise, there is a high probability it will rush directly to 90000 before any pullback.
Ethereum reaching the 1685 area should not be a big problem, the key is to see if it can break through this resistance and create a larger upward trend.
Bitcoin breaks through the range, after hunting for minor support it turns upward. As long as it doesn't drop back into the range on subsequent pullbacks, one can participate in going long. If strong, it may pull back to 86000; if weak, to 85600 (bullish expectations decrease). The targets during the bullish phase are 88800, 91000, and 92000.
The current price is around 85000, staying at the upper end of the range structure, expecting to move into a converging oscillation next.
Returning to the market, it is clear that this is a typical price behavior in a trading range, where selling high and buying low around the range is slippery. Focus on the key positions for long and short breakouts, as both sides are about to enter a critical point. If the bulls do not make a strong breakthrough counterattack, the risk of a break will increase. Until the upper and lower structures are established, operations should remain within the range.
Short opportunity: Rebound to the upper middle of the range, showing weakness and turning down. Long opportunity: False breakout at the bottom of the range, reclaiming the range for a long.