$BTC Market Analysis
The current market remains sluggish, with both trading volume and volatility declining, lacking obvious hotspots and narratives. Overall profitability is insufficient, and altcoins continue to perform flat except for Bitcoin.
After BTC stabilized at 99000 yesterday, we abandoned the bearish approach and shifted to bullish, successfully capturing a long-awaited trend, ultimately achieving a profit of 3000 points! Congratulations to those who followed along!
Market Outlook
1. Trend Analysis
The mid-term market correction has been completed, returning to an upward trend.
Yesterday's momentum and volume surged significantly, indicating an effective breakout.
The 99000-100000 zone has shifted from resistance to strong support, and it should not be easily viewed as bearish above 100000.
2. Key Levels
Upper Resistance: **103000-105000, the morning bulls have tested this supply zone, but a breakout still requires further momentum.
Lower Support: **99000-100000, this zone has strong support; if it does not break down, continue to maintain a bullish outlook.
**Strategy: Focus on buying low; the risk is low, and the exit criteria are clear, avoiding chasing highs and panic selling.
Position Recommendations:
Enter at 100500 with 30% of the position
Add to position at 99500 with 70%
If the 4-hour close falls below 99000, then bulls should exit.
**Summary: Maintain patience and wait for market performance. Low buying operations are controllable in risk, steadily following the trend development.