Current market analysis: There is still uncertainty in the short-term trend of Bitcoin.
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Here are some key points:
• Support and resistance:
After Bitcoin fell below the key support of $100,000, the price rebounded to around $102,700, but then fell again. The $96,100-94,550 area is a strong support for the previous rising market. In addition, this area is also the previous support and resistance area, so a certain rebound may form in this area.
• Rebound potential:
Although Bitcoin may be supported around $94,000-94,500 in the short term, the figure shows: price channel line.
And there may be a rebound, but the overall rebound space is limited. If the market can stabilize in this area, short-term investors can consider light positions to test long orders. If $94,000 is not supported, it is necessary to see 91,700. Open an order to make a stop loss and take profit.
• Mid-term strategy:
From a mid-term perspective, it is recommended that investors wait for the market to reach a new low or repeatedly test and stabilize before considering entering the market. At present, there is no obvious rebound signal in the market, and the large-scale trend is still biased downward.
For details, please see the picture prompt
• Market sentiment and technical indicators:
Market sentiment is still relatively cautious, and investors have different opinions on the future trend of Bitcoin. Technically, Bitcoin needs to form a double bottom in the $93,300-91,700 area to confirm the stabilization of the market.
In summary, Bitcoin may get support near $94,000-94,500 in the short term and try to rebound, but the overall market trend is still biased downward. Investors are advised to operate cautiously and wait for clearer market signals before making decisions.
Risk warning: The above content belongs to personal notes and does not constitute investment advice! #加密市场回调 $BTC