#BTC☀ Analysis of the trend of the bitcoin market:

Last night, a wave of bitcoin correction pulled out many bulls, and the bears made a lot of money!

1. The 4-hour K-line cycle of Bitcoin has shrunk and increased. Please note the double top pressure level of 98513 after the V-shaped reversal of the 4-hour cycle;

2. The Gubi trend indicators of Bitcoin in large, medium and small cycles are all bullish, and the follow-up continues to be bullish. The short-term operation strategy is to buy on dips;

3. The 12-hour and 24-hour MACD indicators of Bitcoin are all rootless water forms. The price has a need for a short-term correction. The short-term operation strategy is to buy on dips. Once the price pulls back to the small cycle 30-minute, 1-hour EMA moving average or the important neckline support level, it is the best opportunity to ambush long orders {contract thinking};

When the price pulls back to the important support level marked above, you can lightly place long orders to enter the market {spot thinking};

BTC 4-hour K-line trend:

Pressure level: around 99340~101677

Support level: around 95181~96553