The daily trend of $BTC has not finished its decline and will continue to fall further. This time the decline will definitely break below 90,000. From 102,700 to 92,500 is a 4-hour level decline. Currently, a 4-hour level rebound is taking place, but this rebound is divided into two steps: first a small rebound at the 30-minute level, followed by a 30-minute level pullback to confirm the low point at 92,500. After confirming the low point, there will be another small rebound at the 30-minute level, completing the 4-hour rebound. Next, there will be another 4-hour level decline, which will break below the previous low, completing the entire daily decline. Therefore, I believe Bitcoin is still oscillating at a high level, preparing to form the third central level at the daily level.
The bottom of the pullback has two ranges: one is between 85,000 and 89,000, and the other is between 75,000 and 80,000. Outside of these two ranges, don't rush to buy spot. If Bitcoin drops to the first range, you can try to buy a little; if it drops to the second range, then you can buy boldly.
Operational advice:
Short Bitcoin between 97,000 and 98,500; if the price rises above 100,500, then stop loss; if it drops below 89,000, then take profit.
The market has experienced a sharp decline, and next, I will prepare some suitable coins for bottom fishing as a recovery plan. If you feel lost, come seek and like and comment! Choice is greater than effort!
