BTC rebounded strongly after receiving the demand of US buying at night, but the 4-hour level closed at 96,300. Next, it depends on whether the daily line can close above 96,000. If it closes, we can continue to look at the rebound.

From the overall market yesterday, it showed a range of fluctuations and the trend was relatively typical. It first fluctuated downward to around 93,600, and then the US market pulled up to recover the decline, forming a complete oscillation pattern. In the current 4-hour structure chart, the K-line bottomed out and returned to the center of the oscillation range around 96,000 to continue to oscillate and consolidate. This shows that there is no obvious force to break the existing pattern in the short term. In the future, it is likely to remain in the current oscillation range. The long and short forces are in a relatively balanced state, and it is difficult to have a unilateral sharp rise or fall.

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