8467224696225.01.04 Weekend Market Overview:
$BTC Today, Bitcoin closed with a doji candlestick this morning, with a three-day consecutive rise bringing a good start for the 25 years.
Bitcoin is currently forming an ascending triangle, with 100025 being a significant resistance level and also a key position for support-resistance switching; a small support at 97800, if not broken, allows for further upward movement. If this level is broken, a small long position can be taken near the trend line resonance point of 97345.
The D point of the bat pattern analyzed yesterday morning ended at 98976.9, just 20.1 away from 99K, allowing us to smoothly enter this reversal zone for a short position; however, if we missed that, there’s no need to sigh, as the market does not operate according to our wishes and is not guaranteed to reach based on data structure.
Just stick to your own trading methods and avoid emotional influences. Since it hasn't reached 99K, it indicates significant pressure above; those who were trapped here are eager to sell, which is why it can't break through this pressure level. Thus, this short position is canceled, but we remain positioned for the second reversal zone at 100418-101061.9 for a short, defending at 101228, with T1 target at 97143 and T2 target at 94999.
The above information is for market analysis only and should not be considered trading advice; follow me to stay on track for daily updates and point analysis, and for the wealth codes you desire. Remember to follow and like!