#今日思路
Bitcoin has shown signs of bullish divergence within a short timeframe, and the upward momentum may soon resume. Liquidity is also building above and below the current price, indicating potential movement in either direction.
On Monday, Bitcoin spot ETFs experienced net outflows, intensifying selling pressure. Despite continued inflows into BlackRock, most other ETFs saw outflows totaling approximately $435 million. If these outflows persist, they could lead to further price declines, and all we need to do is monitor their impact on Bitcoin's price.
The overall trend remains bullish, with strong signals such as the MACD crossover indicating a long-term upward trend. However, based on Fibonacci extension levels, resistance is still faced near the $100,000 mark.
If it cannot break through this range, it may face a period of consolidation or retracement.
Bitcoin recently closed below $94,000, with this level turning into resistance. If it cannot break through this level quickly, it may further retreat.
According to trading volume data, support is expected around $88,000, with major support between $90,000 and $92,000. If it falls below $87,000, Bitcoin could quickly drop to $77,000.
Bullish divergence has been confirmed, indicating a slight rebound or sideways consolidation is likely in the coming days. Short-term support is crucial, currently showing liquidity accumulation around $91,000, with stronger liquidity at $100,000, suggesting a potential short squeeze if this position is broken.
Operational strategy: Around $93,200 is the multi-pivot water level, and it is expected to be volatile before the daytime opening. Feel free to trade around this position up and down one point, and after securing a point, continue to add. The target is around $95,500, with a stop at $90,000! If it breaks, just let it go...
If anyone is confused by market fluctuations and unsure how to deal with being stuck, or feels misled during the trading process, feel free to reach out!
I am Old Li.