In yesterday's article, it was mentioned that if the price couldn't break through 96500, it would subsequently retest below 93000. Although this was ultimately validated, the overall bullish outlook led to strategies and points that were contrary to the market, marking the first loss in recent times.
Market Analysis
Today's movement aligns with yesterday's prediction of the market, and BTC has successfully broken through yesterday's resistance level (96500). Therefore, the short-term rebound that started from 92464 will continue.
First, the 4-hour level structure has not changed much, and we can only wait for the price to break 103000 to confirm the end of the current 4-hour pullback.
Moving to the 1-hour level, since the points have not changed compared to yesterday, but the structure is more perfect, it is expected that this round of 1-hour rebound will test the upper resistance (99500) again.
Short-term
The difference between now and yesterday is that yesterday there were only 3 attempts to approach the resistance level (96500), while just now it has indeed broken through the resistance level. Thus, this 15-minute level rebound will naturally not end here and is expected to reach around 98200 later tonight.
Direction: Bullish
Buy Point 1: Current Price
Buy Point 2: Around 96300.
