Market Analysis:
The major trend has begun to pull back sharply after a week of continuous rise, failing to hold above 100,000. From the 4-hour view, the Bollinger Bands are opening downward, with the price fluctuating between the middle and lower bands. Currently, the market is in a low-level consolidation, and it is not advisable to blindly chase short positions. If the price continues to retrace and breaks below 96,000, it is likely to reach around 94,500.
Trading Strategy:
A good hunter must be patient, observe more and act less. There is support around 94,700-94,500, with resistance above around 97,300-97,500. Important support levels should be established gradually with long positions, and strict take-profit and stop-loss measures should be enforced.
#BTC
Altcoins to pay attention to:
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