$BTC

Yesterday was a double kill for both bulls and bears, Bitcoin's weekly chart spiked to 92,000 and then returned to 98,000. Can it continue to break through! Live analysis in the streaming room.

Yesterday's market was truly a double kill for both bulls and bears. According to normal logic, 94,800 is the dividing line, but the market just spikes while building a bottom. This wave should have trapped many short sellers.

Bitcoin's weekly chart spiked and then quickly pulled back. In this situation, if the weekly doesn't close, it's best to remain low-key, because the first weekly spike can only be a spike and it can't break down the first time. The annoying point from the manipulator is to trap you at low levels. The moving averages are tilted at a 45° upward angle, which generally indicates that the trend hasn't deteriorated. At least two more weekly candles are needed to make a decision.

Ethereum is in a relatively weak state during this bull market, but we really can't rule out the possibility of a rally. Yesterday it spiked to 3,100 and quickly returned to the current position of 3,550. Sometimes the more intense the pullback, the stronger the subsequent rally.

Bitcoin operation suggestions:

Enter short at 100,800 to 500.

Defend at 11,500. Target 96,500 67,994,259,133,071,473,991,97.