Moving Average Observation:
The MA7 and MA30 short-term moving averages in the 1-hour chart show a tug-of-war between bulls and bears, with the price approaching MA30.
The 4-hour chart shows that although the price has slightly rebounded, it remains below the MA100 moving average, indicating that medium-term bearishness prevails.
Candlestick pattern:
Recent lows formed at 92232, indicating strong support below, with a short-term fluctuation range primarily between 95000-97000.
In the 1-hour chart, the price is slowly rising, and the trading volume is gradually increasing, indicating a potential technical rebound demand in the short term.
Fluctuation range and momentum:
MACD (if available) may show insufficient momentum for a rebound, indicating that the price may face pressure at high levels, and attention should be paid to the resistance at 97000.
Entry point:
Attempt to go long near the current price of 96247 with a light position; the target price range is as follows.
Target take-profit level:
First take-profit level: Around 97000 (near yesterday's high, which is a strong resistance level).
Second take-profit level: 97500 (potential slight peak after breaking 97000).
Stop-loss level:
Below 94500 (to avoid the risk of piercing the previous low).
Based on the rebound momentum from yesterday's low, Bitcoin may test the 97000 resistance in the short term; if it breaks through, it could rise further.
If it fails to effectively stabilize above 97000, it is expected to retrace to the 95000-95500 range to seek support.
It is advisable to remain cautious, controlling positions within 5%-10%.
Summary: Today's Bitcoin is primarily showing a fluctuating rebound, but the overall rebound space is limited, and operations should closely adhere to key points. In conjunction with the market situation, pay attention to selling pressure at high levels and the continuation of support at low levels, setting reasonable take-profit and stop-loss levels to avoid risks from market volatility.
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