Price trend:
• The price has been rising since 93800, slightly pulling back after breaking 99500, currently oscillating around 98600.
• The overall rebound magnitude is close to 6000 points, indicating strong bullish capital support, but facing high-level pressure.
• Green histogram: Indicates large capital inflow, supporting price increases. The recent increase in green histogram reflects significant whale accumulation, driving market upward momentum.
• Red histogram: Indicates large capital outflow, bringing potential selling pressure. The appearance of red areas after price approaches the 99500 high indicates a need to be wary of pullback risks.
Technical analysis and key point analysis
Support and resistance range:
• Resistance level:
• Short-term pressure to watch the 99500 high; if broken, targets can be set at 100500-101000.
• Support level:
• Pay attention to the support at 97000-96000; if this area is lost, it may trigger a deeper correction.
Wave structure analysis:
• The current market situation may belong to an upward wave structure within a rebound.
• Today, a 'high probe - pullback - confirmation of support' pattern is likely to occur:
1. After probing near 99500, confirm support through a pullback.
2. If the support holds, there may be a sideways consolidation to build momentum for another attack.
3. If the support is broken, further downward testing of 96000 or lower areas should be guarded against.
Operation suggestion
1. BTC operation strategy:
• Suggested layout: Short positions are recommended in the 99000-99500 area, with targets focusing on the 97000-96000 support level.
• If 99500 is broken, one can wait for a pullback to 99000 before determining whether to continue adding long positions.
2. ETH operation strategy:
• It is recommended to short in the 3505-3520 area, with targets looking at the 3400 support.
3. Risk control:
• Strictly set stop losses; it is recommended to stop loss BTC around 100200 and ETH around 3550.