BTC intraday shock breakthrough, short-term opportunities are imminent!

The current real-time price of BTC is $96249.71, with large intraday fluctuations, reaching a high of $96859.00 and a low of $95364.99. The market is in a state of shock consolidation, but the critical point of breakthrough is coming soon, and investors need to pay close attention to short-term trend changes.

Technical analysis:

Support and resistance:

Support level: $95364.99 is the lowest point of the day. If the price falls below this support level, it may test $95,000 or even lower. Resistance level: $96859.00 is the highest point of the day. If this resistance is broken, BTC may rise further to around $97,500.

Bollinger band analysis:

The current price is close to the middle track of the Bollinger band, suggesting that the price has the potential for further breakthroughs. If the price breaks through the upper track of $96859.00, it may usher in a wave of short-term rises.

RSI indicator:

The RSI value is about 55, which is in the neutral area, but close to the overbought area, which means that the market may usher in price fluctuations in the short term. If the RSI breaks through 70, it may trigger a wave of overbought market.

Short-term contract T+0 strategy:

Long strategy:

Entry position: When BTC breaks through $96,859.00 and confirms that the breakthrough is effective, you can consider going long. After the breakthrough, it may move higher towards the target price of $97,500. Stop profit position: The target price is $97,500 to $98,000. If it breaks through and confirms the upward trend, you can further wait for the price to move towards a new high. Stop loss position: If BTC falls below $95,364.99 and the price continues to fall, stop loss in time to avoid the risk of falling.

Short strategy:

Entry position: If BTC fails to break through $96,859.00 and falls back to near the support level of $95,364.99, you can consider shorting. Take profit position: The target price is $95,000 to $94,000. If the downward support is broken, it may fall further. Stop loss position: If BTC breaks through $96,859.00 and keeps rising, stop loss and exit.

BTC may break through the resistance level of $96,859.00 in the short term and attack $97,500. The current situation of shock consolidation may be about to usher in a breakthrough moment. If the breakthrough is effective, the long strategy will become the best choice, but if it fails to break through and goes down, short-term shorting is also a good opportunity. $BTC