$BTC 24h Trend Projection
Current Price Reference: 70,192
Macroeconomic Aspect: Currently, there is no unilateral driving force in the macroeconomic environment; fluctuations are likely to amplify as the event window approaches; my conclusion is based on whether key price levels hold or break.
Multi-Period Analysis:
4H: Bearish (structure determines the overall direction)
1H: Bearish (determines today’s main range)
15m: Bearish (determines whether to follow the trend/retrace)
5m: Volatile (determines entry trigger and authenticity of breakouts)
Today, I am only focused on two price levels:
Upper Key Resistance R: 70,696 (if it holds and pulls back without breaking, a bullish stance is established)
Lower Key Support S: 69,479 (if it breaks and retraces without holding, a bearish stance is established)
24h Two Scenarios (based on "confirmation"):
Bullish Scenario:
Effectively holding above R and confirming on pullback → target first at around 70,941, if stronger then look around 71,851, pay attention to potential pullbacks during the process.
Bearish Scenario:
Effectively breaking below S and failing to confirm on the retrace → target first at around 68,793, if weakness continues then look around 68,100, acceleration is likely to occur.
Invalid Condition: If the price oscillates back and forth between R and S, prioritize handling as range-bound volatility (do not chase highs and lows in the middle of the range).
#BTC #Bitcoin #Market Analysis
Current Price Reference: 70,192
Macroeconomic Aspect: Currently, there is no unilateral driving force in the macroeconomic environment; fluctuations are likely to amplify as the event window approaches; my conclusion is based on whether key price levels hold or break.
Multi-Period Analysis:
4H: Bearish (structure determines the overall direction)
1H: Bearish (determines today’s main range)
15m: Bearish (determines whether to follow the trend/retrace)
5m: Volatile (determines entry trigger and authenticity of breakouts)
Today, I am only focused on two price levels:
Upper Key Resistance R: 70,696 (if it holds and pulls back without breaking, a bullish stance is established)
Lower Key Support S: 69,479 (if it breaks and retraces without holding, a bearish stance is established)
24h Two Scenarios (based on "confirmation"):
Bullish Scenario:
Effectively holding above R and confirming on pullback → target first at around 70,941, if stronger then look around 71,851, pay attention to potential pullbacks during the process.
Bearish Scenario:
Effectively breaking below S and failing to confirm on the retrace → target first at around 68,793, if weakness continues then look around 68,100, acceleration is likely to occur.
Invalid Condition: If the price oscillates back and forth between R and S, prioritize handling as range-bound volatility (do not chase highs and lows in the middle of the range).
#BTC #Bitcoin #Market Analysis