Today, the BTC price rebounded to 99485, confirming the 1-hour trend prediction made in yesterday's article, and slightly exceeding expectations. In this evening's analysis, it is added that if the price cannot hold above 99000 and pulls back below 98500, it means the rebound has ended, and the short-term will continue to pull back, which is currently being confirmed again.
Market Analysis
Firstly, the structure at the 4-hour level has not changed due to this 7000-point rebound, so unless the price can rebound and break through 103000, it will continue to pull back to the 90000 level, and even to 87000 or 84000. However, if the price can hold above the current 1-hour mid-range position (between 95500-97000), which means not breaking below 95500, it is expected to end the current 4-hour pullback and continue to push towards 112000.
Now to the 1-hour level, since the rebound at 3 PM ultimately failed to break through 100000, if it is still in this 1-hour rebound that started from 92272 on the 20th, then the price should not drop below 95500. If it can hold above 95500, this rebound will continue upwards to around 101000. Otherwise, it will enter a new round of pullback, which is expected to reach around 90000.
Short-term
Currently, it is in a 15-minute pullback since 99485 this afternoon at 3 PM. If it is expected to pull back to around 99500 later, and if it can hold above 99500, there will be a rebound towards around 99000. If the support around 99500 is not strong, the pullback will continue to extend down to around 92500.#加密市场反弹 #BTC走势分析
Direction: Long
Buy Point 1: Around 95500
