1/7 BTC Market Analysis

--- Trading Philosophy: Follow the Trend

The market continues to be sluggish, with trading volume and volatility both weakening, few market hotspots, and limited narratives. The core issue is the insufficient profit effect in the cryptocurrency space; apart from Bitcoin, altcoins remain just altcoins.

After stabilizing at 99,000 yesterday, we abandoned the bearish perspective and shifted to bullish, ultimately achieving a profit of 3,000 points, catching the long-awaited trend. Congratulations to those who followed along!!

What's the next step?

Firstly, in terms of trend, the medium-term level has completed market correction and has returned to an upward trend. Combined with yesterday's significant surge in momentum and energy, we believe it's an effective breakthrough. The range of 99,000-100,000 has transformed from resistance to support, meaning it is not easy to short above 100,000.

Upper resistance to watch is 103,000-105,000, with bulls attempting to probe higher in the morning, reaching the upper supply zone. To break through this range, additional buildup is needed.

Lower support to focus on is 99,000-100,000, supported by yesterday's volume and momentum. The support in this range is strong; it cannot be shorted until broken.

The strategy is mainly to buy on dips, with low risk, and clear exit standards. Avoid chasing prices or panic selling.

In terms of operations:

Enter 30% of the position at 100,500, and 70% at 99,500 for averaging down. Bulls should exit if the 4-hour level closes below 99,000.