In yesterday's market analysis, it was suggested to go long near 95500, looking towards below 99000. Today, BTC's lowest point was 95867, and then it rebounded to a maximum of 97322, confirming a 1500 point range. Far below expectations.
Market analysis
Yesterday, the key point at 95500 was mentioned in the analysis across all levels, and just now, 95500 has still been lost.
Then next at the 4h level, it should continue to look down, expecting this round of 4h correction will at least test around 90000. If 90000 is lost, it will further drop to around 87000.
At the 1h level, it is expected to test the previous low (92272) or the 90000 level again.
Short-term
At the 15m level, the price has just dropped below the support level of 95500. If it cannot recover above 97500 in the short term, it is expected to further drop below 94000 by early morning.
Direction: Short
Sell point 1: Current price
Sell point 2: Around 96000.
