📊BTC

Support: 95000-93700

Resistance: 96750-98000

Despite a significant drop, the current rebound is quite strong. Therefore, from the perspective of yesterday's decline, we can currently shift to the viewpoint of a rebound for recovery.

Market buying remains active. We anticipate a retest of the highs, and a re-entry into the marked important upward channel. If the price falls back below 94.7K~95K, the downside risk will increase.

At this time, we should maintain the current position, gradually raising the bottom, and pay attention to the trend of the 20-day moving average, observing whether there is a resistance test of the upward channel. In today's operations, we can still maintain a rebound perspective in the short term, but if Bitcoin fails to enter the upward channel, we should focus on trading volume and shift to a short-term bearish outlook.