#比特币走势观察 BTC/USDT (Bitcoin USDT) technical analysis on the 1-hour timeframe, mainly includes the following key points:

1. Key Area Division

Sell Zone (Resistance Zone): The current price is close to 99800-98200, within the short-term selling pressure area.

Expected Buy Zone (Support Zone): Around 95,000, near the Fibonacci 0.5 and 0.618 levels (95,172-95,211), this area is a potential buying point.

2. Trend Expectations

Pullback Expectation: A short-term pullback may occur below 97,000, even approaching the 95,000 buying zone.

Rebound Target: After the pullback is completed, it is expected to enter an upward trend, targeting the bullish expectation area (104,000-105,000).

3. Trading Strategy

Bullish Strategy: Focus on opportunities for a pullback to the buying zone, buy on dips around 95,000, and wait for the price to break upwards to the bullish target zone.

Bearish Strategy: In the short term, a light short position can be taken in the sell zone, targeting 97,000 or below, but be cautious with stop-loss protection.

4. Risk Warning

If the sell zone is broken and the price strengthens directly, consider buying on a pullback after the breakout, trading with the trend.

If it falls below 95,000, reassess the market structure and be cautious with positions.

Overall, the chart reflects that the market is in a short-term adjustment phase during a strong upward trend; as long as the key support is not broken during the pullback, it is highly likely to continue rallying.