In yesterday's article, it was suggested to go long at the current price and on pullbacks, buy 1 and buy 2, both successfully confirming a space of about 1,000/2,000 points for BTC. However, possibly affected by Saturday, the price has not been able to break through 103,000 as expected, but has fallen back under pressure at 102,500. The current price is consolidating above 101,000.

Firstly, on the 4-hour level, as mentioned in previous articles, if the price breaks 102,000 again, it means the 4-hour pullback has ended and a new round of upward movement will start. However, looking at the current structure, this statement is not very rigorous. What can be confirmed is that if the price can stabilize above 98,000, it indicates that we are in a 4-hour rebound. The next high point will be around 108,000 or 112,000 (as indicated by the red and green arrows). But if the price falls below 98,000 again, it will definitely continue to test 94,000 or even 90,000 (as indicated by the black arrow).

Back to the 1-hour level, there is little change at this level. If it cannot break through 102,600 again, it means that the 1-hour rebound starting from 94,265 at 2 AM on the 11th has ended. The price will then test 99,000 and 98,000 (as indicated by the red and green arrows). If it can successfully hold the 100,000 mark, the rebound will continue and break through 102,600, returning to around 104,000 (as indicated by the black arrow).

Overall, the risk of shorting at the current price on the 1-hour level is much lower than going long. Shorting above 101,500 can at least achieve a 1:1 risk-reward ratio.

Short-term

If 100,777 is the starting point for a new 15-minute rebound, then by midnight, the price will reach 102,600 again to test resistance and is likely to rise and break through, extending to around 104,000 (as indicated by the red and green arrows). However, currently, the probability of a 15-minute pullback is higher. If the price falls below 102,000 and experiences pressure, then from midnight to daytime, the price will fall below 100,000 again (as indicated by the black arrow).$BTC #BTC☀ #BTC走势分析

Direction: Short

Sell Point 1: Current Price

Sell Point 2: Around 102,500.