Bitcoin$BTC Trading Suggestions

Bearish/Cautious Outlook

· Core Logic:
· Confirmed entry into a broader macro correction phase and completion of the bearish "Head and Shoulders" pattern.
· Price repeatedly faces resistance below the key zone of $93,347-$94,236, with a mid-term bearish outlook.
· Market volume is exhausted, remaining in a sideways state; it is recommended to wait and see before any breakout.
· Key Resistance and Downside Targets:
· Key Resistance: $93,347 - $94,236; upward rebounds may be limited to the $98,000-$100,000 range.
· Key Support and Downside Targets: First focus on support at $85,929-$86,291; if broken, the price may test $83,712-$84,000, further threatening the $78,342-$79,127 area. More profound Fibonacci retracement targets point towards the $70,000-$60,000 range.

Bullish Outlook

· Core Logic:
· If the price can break through strongly and close daily above $94,236, it may indicate that a more significant bottom has formed and a larger rebound could begin.
· In the long term, continued inflows from institutional funds (such as ETFs), the global liquidity environment, and other fundamentals remain supportive.
· Upside Targets:
· After breaking the resistance above, subsequent targets could be $98,008-$102,200, and even $105,130-$106,470.

📈 Key Price Levels at a Glance

1. The Bull-Bear Divide

· Core Resistance Zone: $93,347 - $94,236. Breaking through this area is key to reversing the short-term bearish pattern.

2. Support Levels Below

· First Support Zone: $85,929 - $86,291.
· Second Support Zone: $83,712 - $84,000 (near the yearly low weekly close).
· Strong Support Zone: $78,342 - $79,127. If the price falls into this area, a significant reaction is expected.

3. Upper Targets

· Initial Target: $98,008 - $102,200.
· Strong Target: Break through $105,130 - $106,470 to threaten the recovery of the long-term upward trend.

💡 Trading Strategy Reference

· Short-term Strategy (for aggressive traders):
· Bullish (Long) positions: Consider adding a small position around $89,500-$89,000, with a stop-loss below $88,500, targeting $90,500-$91,000.
· Bearish (Short) positions: Consider adding a small position around $91,700-$92,300, with a stop-loss above $92,800, targeting $90,800-$89,500.#广场发帖领$50