Current Bitcoin hourly trend shows a bearish trend, but overall performance remains strong, with minor pullbacks indicating bullish resilience.
Key Points:
"It won't drop, it must surge": This indicates that despite the market repeatedly touching the support level around 92200, the price has not effectively broken down, suggesting that this support has strong buying power.
Continue to pay attention to the downtrend line: Once the price breaks through the hourly downtrend line, it may trigger a bull counterattack, leading to a strong upward trend.
Key Levels and Strategies:
Support Attention Level: Around 92200 USD
Repeated dips without breaking may form an important defensive point in the short term.
If this position continues to hold, consider attempting light long positions while waiting for the trend line breakout signal to increase positions.
Resistance Levels: 95,500 - 97,000 USD
Short-term rebound primarily focuses on the breakout of the downtrend line. If this area can be broken, it will further confirm a reversal signal.
Trend Line Breakout Conditions:
Once the price strongly breaks through the hourly downtrend line, consider going long in the direction of the trend, targeting the 98,000-100,000 area.
If the trend line is not broken and falls below 92200, a short-term adjustment may continue, with support around 90,000.
Trading Ideas:
Short-term traders: Lightly attempt long positions near the trend line. If the trend line breaks, increase positions accordingly. Set stop-loss below 92200 to control risk.
Spot holders: Continue to hold. If 92200 holds, maintain a bullish outlook. If it breaks, consider reducing positions and waiting for lower support.
Observation Strategy: If the market continues to fluctuate, wait for the trend line breakout before considering entry to avoid being washed out by the fluctuations.
Conclusion:
92200 USD is the current market's bullish-bearish dividing line. Pay attention to the hourly trend line breakout. Once the trend line is stabilized, bulls may welcome a explosive upward trend.
