On Sunday morning, the market seemed to slow down after a significant fluctuation of large ups and downs. Although there was a rebound momentum yesterday, it did not fully break upwards. The previous highs and lows of the cycle of bulls and bears were repeatedly tested, but after yesterday's rise failed to continue, the market is currently in a state of oscillation and adjustment, oscillating around the 98,000 mark. There is still a possibility of a pullback before firmly establishing this position.
Currently, the rhythm is relatively biased towards pressure testing. The high point from yesterday's 99,800 area, as well as the middle Bollinger band pressure area on the daily chart, still exist as pressure. To break through in one go, a large influx of capital is needed; otherwise, it will likely remain within the short-term Bollinger lower track range of 5,000 points.
In the absence of strong momentum, we will adhere to technical signals and focus on extending and testing the high points. Short-term pressure for Bitcoin is at 98,000 and 99,800, with support at 93,700 and 92,000. Slight rebounds can be used for entry.
For short-term BTC operations in the morning: rebound in the 97,800-98,300 area, targeting the 95,500-95,000 area.
The state is great, the winning streak continues, and if you can't figure out the bulls and bears, stick to your strategy and walk alongside! Let's create brilliance again!