2024-11-24 BTC market analysis

In the article in the early morning, it was written that from the perspective of the BTC1h structure, the support strength of the 96000-97000 range is not strong. The price may fall back to around 95500 in the early morning, but the price did not fall below 97000 in the early morning. Instead, it rebounded to 98600 during the day, but the final rebound failed to change the downward structure. Although there was a time error, the current price still fell back below 97000 as expected.

Currently, BTC is in a 1h level correction and is expected to fall back to around 95500. However, if it loses 95000 in the short term, then in terms of time, this correction will extend to 93500 or even deeper. If the next rebound can break through 99,000, it will be regarded as the end of the callback, and the first rise can be seen to 103,000.$BTC #ETH市场新动向 #BTC创历史最大月度涨幅 #BTC☀ #BTC☀️ #ETH🔥🔥🔥🔥

Short-term

Since it has not fallen below 96,000 at present, if the price can break through 99,000 by midnight, it will definitely break through the 10w mark in one go. However, if the price falls again under pressure near 98,500, it will be difficult for 96,500 to form an effective support again, and the price will further fall to around 95,500.

Direction: Long

Buy point 1: Current price

Buy point 2: 95,500