$BTC

Bitcoin Analysis

Currently, Bitcoin is in a fluctuation phase, but the overall trend is downward.

Last night we mentioned being bearish; if it doesn't stabilize, it will need to explore the bottom at 91500. However, it has been hovering around 93600, indicating that Bitcoin has entered a buffering period.

Brothers who followed our strategy last night must hold on; as long as we get through this buffering period, the overall trend still remains bearish.

Resistance level: 94100

Support levels: 93300, 92800

If it breaks through, continue to view it bearishly. We are currently in a fluctuation phase, and the downward trend is not very obvious yet. For now, we do not recommend adding positions. If it continues to drop, you can consider adding positions moderately.

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