New players in the crypto world, let's analyze Bitcoin and see if the analysis method is correct
Overall, it feels like Bitcoin is really struggling to rise. Ideally, it should fluctuate around 99000-102000. Let's see if it can break through the 101100 position tonight. This position has quite strong resistance. If it stabilizes and continues to rise to 102000, the overall trend of Bitcoin should go up, looking towards 105000, 106000?
On the downside support level, I currently found two relatively strong supports, one around 99500 and the other at 95700. I feel that 99500 can hold for a while.
I originally wanted to go long at 99500 and set a stop loss at 97000, but looking high, I can only see 102000 at the moment, and the risk-reward ratio isn't worthwhile, so I won't do it. I’ll set a buy order down to 95700, but that's too far, so I think I’ll just wait and see for now~
