Bitcoin Market Analysis - #BTC

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Everyone should be happy about this drop in Bitcoin, because altcoins haven't dropped much

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, which means funds have flowed from Bitcoin into altcoins, with retail investors holding less Bitcoin and more altcoins

【4-hour Cycle】

1）Due to long-term divergence + the capital divergence mentioned a few days ago, the price has dropped

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, breaking through 2 demand zones consecutively, and will oscillate for 5-7 days

2）93000 as a trend watershed, will provide some support, forming a natural rebound

3）Mark two bearish OBs above, if the price reacts, we can short

1️⃣

One Hour Bearish OB: 95700-96500

2️⃣

Four Hour Bearish OB: 97500-98800

4）For the medium to long term, continue to enter long positions at 85000-88000, if the price gives an opportunity, we must go long here