2024-11-27 BTC market analysis

In the morning, I wrote that BTC will fluctuate upward in the afternoon and reach around 93,800, which was perfectly confirmed. In the later section, it is believed that the price will make a correction after reaching 93,800, and will go down to around 91,500. But judging from the current structure, the rebound is still continuing, and 93,800 is not the end.

The 90,000 mark has formed an effective support. In the short term, it has not been able to continue to step down below 90,000. In the case of failing to fall below 87,000, the 4h level is upward. If the price can rebound to above 99,000 again, it can not only be regarded as the end of the 1h retracement, but also the 100,000 mark will be broken, and then the final goal of 112,000 will be met.

If the 1h is to extend to 99,000, it must first break through the relatively dense resistance area of ​​95,000-96,000 in the short term. If it falls under pressure below 95,000, the short-term price will still step back to around 92,000 again. (As shown by the black arrow) $BTC $ETH #BTC☀ #ETH🔥🔥🔥🔥 #BTC走势分析

Short-term

Currently in the 15m rebound, this rebound has been running for nearly 18 hours since 90866. Normally speaking, it can reach 94800 to 95100, which is the limit of this rebound. If it can directly break through 95100, then the rebound in the early morning will continue to around 96000.

Direction: short

Selling point 1: current price

Selling point 2: around 96000