$BTC Big pancake provided the first support level of 95800 last night as expected 😌

📝 Let's take a look at the shape of the closing line at 12 noon. After a long bearish candle, a small K line formed with a long lower shadow and high volume drop, closing above the support level, which is a clear signal of stopping the decline.

If the K line closing at 16:00 continues to close above the support level of 96320, it will continue to rise. The resistance levels above are 97070, 97521, and 98050. If tonight's daily line closes without breaking the previous high, it will come down again. Pay close attention to whether the neck line at 97070 will break through on the 4-hour level.

Looking back at last night's closing line is also interesting. At 20:00, it first broke the left high of 96650, and at 24:00, it retraced without breaking the opening price of the left bearish candle. I opened a short position here, and at 4:00 AM, it formed a morning star bullish pattern, but at 8:00 AM, it closed down again, indicating that it may be forming a top, and we should be cautious about whether it will also form a double bottom in between, rising and then falling again. After all, the market is currently very volatile, with fluctuations of 2,000 to 3,000 points, and it’s quite painful to see profits evaporate.

Tonight, we will close the weekly line, closely monitor whether a bullish three scholars pattern followed by a doji star will emerge after a stagnation signal.