Resistance Level Reference:

First Resistance Level: 94300

Second Resistance Level: 94700

Support Level Reference:

First Support Level: 92500

Second Support Level: 91000

Today's Suggestion:

The Bitcoin is currently forming a bearish flag pattern on a smaller scale, having experienced a brief rebound in the oversold area after a decline. The current expectation is for the third bottom of the triple bottom pattern to be slightly elevated and close, which is seen as a positive signal.

However, since it is still in a downtrend, it is recommended to pay attention to opportunities for rebound recovery and to monitor the resistance at the 20-day and 60-day moving averages. Also, keep an eye on the resistance from the bearish flag pattern, looking for short-term rebound opportunities while maintaining a bearish outlook.

Additionally, it is necessary to pay attention to whether there will be a significant decline, and to verify the formation of the triple bottom pattern. An elevated low is also a positive signal for a rebound, and a risk-reward ratio range can be set. If important support levels are breached, it is necessary to adjust the outlook and flexibly respond to changes in the chart.

12.30 Wave Segment Pre-embedding:

Long Entry Reference: Light position long in the range of 92000-92800; if it pulls back near 91000, go long directly. Target: 94300-94700

Short Entry Reference: Light position short in the range of 96000-96500. Target: 94700-94300