In yesterday's article, it was predicted that BTC would reach 99500 to test resistance at the 1-hour level, and at the end of the article, a long position was suggested at the current price, which turned out to be perfect. Followers in the live trading group entered long positions simultaneously, capturing a space of 4565 points for BTC and 98 points for ETH, securing profits at 90159 dollars.
Market analysis
First, let's talk about the 1-hour level. Currently, there is a rebound at the 1-hour level since the 24th at 92464. If the price can break through 99500 later tonight, this rebound will continue to extend upwards towards around 101500. Otherwise, it will retrace again towards around 94000 as indicated by the black arrow.
Now looking at the 4-hour level, it is still in a 4-hour correction. Only when the price breaks through 103000 can we confirm the end of the correction. If the price breaks through 103000 again, the next high point will be 112000.
Short-term
Currently, the volatility is quite large, making it difficult to judge the 15-minute trend. From the right side's perspective, if the price breaks through 99500 next, then a long position should be taken to reach around 101000. If taking a long position at the current price, then keep a small stop loss and maintain an upward view.
Direction: Long
Buy point 1: Current price
Buy point 2: Around 97800.