This morning I mentioned that after BTC breaks 97822, the short-term trend will be upward, and I provided a buy point for the retracement. If you followed the idea, you could now have about 500 points of floating profit.
Market Analysis
Based on the recent trend of BTC, there hasn't been much fluctuation on Saturdays, so I won't elaborate further. Interested friends can refer to yesterday's article.
Here I will mainly discuss the 1-hour level and the 15-minute level.
First, on the 1-hour chart, it is currently still in the 1-hour rebound that started from 91510 on the 30th of last month. From the current trend, if the price can remain stable above 97000 for the next three days, this 1-hour rebound is expected to break 99500 and stabilize around 101000. At the very least, it could challenge the 100000 mark again.
Now looking at the 15-minute level, as mentioned earlier, Saturday's fluctuations were relatively small, and the overall trend will still be dominated by consolidation. Structurally, it is highly likely that there will be another rise testing the resistance at 99000 by the evening, so the overall strategy for the day remains to buy on retracement.
Direction: Long
Buy point 1: 97600
Buy point 2: 97300
