Last night, do you remember the last post from Niu Ge? The trend within the range of 95000 to 98000 is positive because Bitcoin was supported at the 92000 level. The upward focus of the nighttime market structure allows us to start buying altcoin long positions and spot from the 96000 level.

The confirmation of key resistance levels is an important signal for Niu Ge to execute the strategy.

The reaction rise I mentioned in the previous Bitcoin analysis continues to provide short-term profit opportunities. However, the fact that the current market structure is approaching the resistance level requires comprehensive judgment of multiple market factors, including technical, fundamental, and public sentiment, to plan the strategy.

Possible resistance targets:

Between 100000 and 102000.

If it reaches the upper level, Niu Ge has new analysis to adjust our strategy targets. Now, we can set stop-loss at breakeven on the altcoin spot and long positions bought today and last night, or take some profits to prevent Bitcoin from retracing during the night.