Bitcoin from the 4h chart shows a short-term need for a small adjustment. After a continuous rise for a week from the bottom, a pullback of two to three days is expected!
This time, the pullback is around 94,000, indicating significant resistance here!
Future trend analysis:
Bullish scenario: If the price can stay above 93,300 and break this level, it will trigger a bullish signal, further rising to 94,800-96,500, and possibly testing 98,000. The bottom has already stabilized, with limited downside, and increased liquidity may drive a rebound.
Bearish scenario: If it falls back and loses the 92,000 level, the short-term target is 90,400-89,600. Further down, it may test 88,200-86,800. If it breaks below 91,200, it will return to consolidation.
Overall trend: After short-term decline, the probability of oscillating upward is higher, but watch out for pin-like pullbacks. If there's an opportunity to drop near 90,000, that would be a good chance!
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Bitcoin from the 4h chart shows a short-term need for a small adjustment. After a continuous rise for a week from the bottom, a pullback of two to three days is expected!
This time, the pullback is around 94,000, indicating significant resistance here!
Future trend analysis:
Bullish scenario: If the price can stay above 93,300 and break this level, it will trigger a bullish signal, further rising to 94,800-96,500, and possibly testing 98,000. The bottom has already stabilized, with limited downside, and increased liquidity may drive a rebound.
Bearish scenario: If it falls back and loses the 92,000 level, the short-term target is 90,400-89,600. Further down, it may test 88,200-86,800. If it breaks below 91,200, it will return to consolidation.
Overall trend: After short-term decline, the probability of oscillating upward is higher, but watch out for pin-like pullbacks. If there's an opportunity to drop near 90,000, that would be a good chance!