Good evening, everyone. I have something to do today, so I'm updating in advance. The points are for reference only.

Yesterday, in the analysis of the 15m level, it was mentioned that BTC prices would retrace below 94000 in the early morning. This morning, the price retraced to 93655, which basically matches expectations. The article concluded with a short selling suggestion near 96000, confirming a space of 2500 points.

Market analysis

Price quickly rebounded to 96488 after retracing to 93655, an increase of nearly 3000 points. Exceeds expectations.

Here I will first discuss the 1h level. If the subsequent rebound can break through 97500 and stabilize above 97000, it indicates that we are currently in a new round of 1h level rebound. The price will not break the previous low and retrace to 90000, but will continue to rise to around 99500.

Moving to the 4h level, the current 4h pullback structure has not changed. If the above-mentioned 1h rebound cannot continue to break through after reaching 99500 but instead faces resistance and falls back to below 97000, it indicates that the 4h pullback has not ended. The price will still fall to around 90000 or even 87000. However, breaking through 99500 does not mean the end of the 4h pullback; it only indicates that the price will not retrace to such a deep position in the short term. The standard for judging the end of the current 4h pullback is when the price returns above 103000.

Short-term

The current 15m level is about to break through the short-term resistance (around 96500), and this is also the third time in the past 24 hours that the price is approaching this position, indicating that the short-term bulls are relatively strong. Therefore, this third probe is likely to break through 96500 and extend this 15m rebound to around 98000. If it fails to break through again, it will be as indicated by the black arrow.

Direction: Bullish

Buy point 1: Current price

Buy point 2: Around 95300.