Hello everyone, I'm A Gan, here to talk about the current market situation.
#BTC Bitcoin dipped to the support level of 94700 last night, stabilized, and began to rebound slowly. By midnight, the contract peaked around 97300 and started to pull back again, with the lowest point dropping to 94400 before quickly rebounding. Although it pierced the previous support of 94700, it quickly recovered, which means it was an invalid breach. During the live broadcast, I called out to everyone to buy the dip for the rebound twice; the first wave was at 94900, and the second wave was around 94600. Those who followed got to enjoy two waves of rebound.
Currently, Bitcoin is still stabilizing at a high level and fluctuating mainly. The key support remains at 94700, with minor support at 95200. The strong resistance above hasn’t changed much, at 99600, 98800, with minor resistance at 98300 and 97300. The operational strategy remains unchanged; if it rises above 98000, continue to position for a small trend short, holding on and waiting for a major pullback on the monthly line to capture a big wave. A stop-loss for breaking new highs is at 100100.
From the perspective of the monthly line, the view on adjustments remains unchanged. However, as long as Bitcoin stays above 95000, other altcoins still have a chance to rise. Look for strong ones; when they pump, remember to take profits to avoid Bitcoin breaking down and dragging altcoins down, causing all profits to be wiped out.
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