$BTC Dog Brother's Daily Analysis
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⭐️ First, let's look at the strength and weakness at the daily level. In the entire retracement trend, it cannot yet be determined whether a reversal has occurred. We need to see if the rising volume can break through the heavy resistance area around 98000 and change the pattern. Around noon, there was a test of 96000, which I mentioned to everyone yesterday. It was suggested that the rise near 96000 would test resistance, and today's noon also verified my thinking. If it cannot break through here, then this phase of minor adjustments will continue. As long as the overall direction remains unchanged, we will continue to oscillate along the trend line, waiting to layout in the range of 87000±1000. This thought process must be clarified first before looking for intraday minor structures for short-term trades.
⭐️ Continuing to look at the minor structure, at 12 o'clock, this 4-hour candle is currently in a closing state. Overall, the trend appears to be quite strong, but the 6-hour line is obviously under pressure. The advantage in the long-short ratio is on the long side, and the minute line shows a sufficient upward volume, so it is expected that there will be a small peak reaching 96600 in the evening. If it follows the script and rises, then we will create a guiding structure. Conservatively, it is expected to test 94000 within the next two days. If it holds here, the overall pattern will strengthen.
Before the pattern breaks out, we should still treat it according to the range approach.
