Evening market
From the 1-hour structural chart, Bitcoin is currently showing an expanding triangular wedge trend, and the price is close to the upper edge of the trend line, around 98,300. This trend may change from the original narrow channel to a wide channel oscillation pattern. Under such a trend, the market fluctuates greatly, so the operation strategy needs to be cautious. At present, the trend of the entire Asian and European sessions is mainly trying to regain lost ground, and it has approached the important pressure level of 98,300. This is the third rebound to this point, and the possibility of a breakthrough is relatively low. Therefore, it is recommended to pay attention to the rebound callback in subsequent operations.
Today's key reminder: In the volatile market, try to choose a price close to the upper and lower edges to enter the market when operating, so as to avoid being hurt by price fluctuations at both ends.
Reference for support and pressure levels:
BTC: 98,300-97,900 area is the pressure level
If the price breaks down, it may go down to 97,200 support
ETH: 3740-3720 range is short-term support, if it falls below, it may go down to 3660.
