The current short-term trend of Bitcoin is not smooth, indicating a lack of buying strength! Bitcoin and ETH are expected to see a pullback today! Be cautious with long positions to protect your capital!
However, from a medium-term perspective, the power of the rebound is accumulating, and a round of upward movement may start next week, with targets looking at the range of 97400-98800.
The core resistance area is at 93570-94250. The price must break through here to confirm the start of an upward trend, thus challenging higher targets.
If the upward movement begins, the process may be very rapid, easily triggering concentrated stop-losses from short positions, exacerbating volatility.
The risk to be vigilant about is: after a rapid rise, the market may experience a similarly rapid decline next week due to unexpected negative news.
My clear viewpoint is:
For the bullish side, the 89000 defense line must be maintained; if it breaks below this, the logic for upward movement becomes invalid.
For the bearish side, key defense is at 94600; if this is breached, the upper space opens up.
In simple terms, the market is brewing a change in trend. The key signal for an upward breakout is surpassing 94250, while the warning line for a downward break is 89000.
The market is at a critical point for a trend change, and the direction choice is imminent. If you want to know how to accurately capture key buying and selling points during such violent fluctuations and avoid the risks of false signals, scan my 币安聊天室!
