$BTC 24h trend projection
Current price reference: 73,762
Macroeconomic aspect: There is currently no unilateral driving force in the macro aspect; fluctuations are likely to amplify as the event window approaches. My conclusion is based on whether the key price level holds or breaks.
Multi-period analysis:
4H: Bullish (structure determines the main direction)
1H: Consolidating (determines today's main range)
15m: Bearish (determines whether to follow the trend/retrace)
5m: Bearish (determines entry triggers and validity of breakouts)
Today, I am only focusing on two price levels:
Upper key resistance R: 74,451 (if it holds and retests without breaking, bullish is established)
Lower key support S: 72,889 (if it breaks and does not retest, bearish is established)
24h two scenarios (based on "confirmation"):
Bullish scenario:
If it effectively holds above R and retests for confirmation → target first looks around 76,000, if stronger, then around 76,658, pay attention to pullbacks during this process.
Bearish scenario:
If it effectively breaks below S and does not retest → target first looks around 72,270, if weakness continues, then around 71,612, acceleration is likely.
Invalid condition: If the price moves back and forth between R and S, prioritize treating it as range consolidation (do not chase highs or lows in the middle of the range).
#BTC #Bitcoin #market analysis
Current price reference: 73,762
Macroeconomic aspect: There is currently no unilateral driving force in the macro aspect; fluctuations are likely to amplify as the event window approaches. My conclusion is based on whether the key price level holds or breaks.
Multi-period analysis:
4H: Bullish (structure determines the main direction)
1H: Consolidating (determines today's main range)
15m: Bearish (determines whether to follow the trend/retrace)
5m: Bearish (determines entry triggers and validity of breakouts)
Today, I am only focusing on two price levels:
Upper key resistance R: 74,451 (if it holds and retests without breaking, bullish is established)
Lower key support S: 72,889 (if it breaks and does not retest, bearish is established)
24h two scenarios (based on "confirmation"):
Bullish scenario:
If it effectively holds above R and retests for confirmation → target first looks around 76,000, if stronger, then around 76,658, pay attention to pullbacks during this process.
Bearish scenario:
If it effectively breaks below S and does not retest → target first looks around 72,270, if weakness continues, then around 71,612, acceleration is likely.
Invalid condition: If the price moves back and forth between R and S, prioritize treating it as range consolidation (do not chase highs or lows in the middle of the range).
#BTC #Bitcoin #market analysis