Weekend morning analysis, Bitcoin continued to decline on Friday. After facing resistance around 99500 in this round of rebound, it formed a second decline. Currently, it has not broken the previous low of 92500. This position has formed two support tests. If it fails to hold on this test, the price may drop below 90000 in the coming days.
This week's short-term watershed is at 97700. On Thursday, it started a sharp decline after breaking this position, and on Friday, it faced a second decline after rebounding to this level. Therefore, for a true rebound in the trend, even if it is short-term, we need to see a stable breakthrough at 97700.
Currently, the weekend is oscillating, and the characteristics of weak short-term rebounds are beginning to manifest. The longer it stays at a low level with repeated movements, the more it can deepen the short-term downward trend. Overall, it is still in a 4-hour level correction phase.
Morning BTC short-term operation: rebound in the 95500-96000 range, with the target looking at 93500-92000.
The state is very large, the winning streak continues, and if I can't figure out the long or short positions, I will stick to my thinking and walk together! Let's create brilliance again!
