Weekend morning thought analysis, Bitcoin continued to decline on Friday, this round of rebound formed a second decline after being pressured around 99500, and has not yet broken the previous low of 92500. This position formed two support retests; if this is tested and fails, the price may break below the 90000 level in the following period.
The short-term watershed this week is at 97700. On Thursday, a sharp drop occurred after breaking this position, and on Friday, there was a second decline after rebounding to this position. Therefore, if we want to see a real rebound in the trend, even if it is short-term, it depends on the breakthrough and stabilization of 97700.
Currently, the weekend range is in a fluctuating rhythm, and the characteristics of weak short-term rebounds are beginning to manifest. The longer the time stays at a low level, the more it can deepen the short-term downward movement. Overall, it is still in the adjustment phase of the 4-hour level.
Morning BTC short-term operation: rebound in the 95500-96000 area, target looking at 93500-92000.
The state is very large, the winning streak continues, and if you can't determine the long or short, recognize the thought process and walk together! Create brilliance again!
