BTC Analysis of the Recent 1-hour Market

The price has been fluctuating in the range of 95000-100000 recently, showing an overall trend of oscillation and decline.
In the short term, after a period of adjustment, the market has shown signs of rebound. The short-term EMA crossing above the mid-term and long-term EMA, indicating a bullish market sentiment, may continue to maintain an upward trend in the short term. The current price has broken through the mid-term and long-term EMAs, showing strong upward momentum.
Recommendation: Due to the short-term rebound in the market, investors may consider buying near the short-term support level of 95000-96000, with the target price set near the short-term resistance level of 97000-98000. At the same time, it is necessary to closely monitor the changes in market sentiment and the breakthrough of key levels in order to adjust the strategy in a timely manner. If the price falls below the support level of 95000, caution is advised, as there may be further downside risks.
Technical Analysis
Candlestick patterns: Recently, there have been ascending channels, descending channels, and V-shaped reversals.
EMA: Short-term EMA crosses the mid-term and long-term EMA, indicating a bullish market sentiment.
Potential buying and selling points
Buy point: 96000 USDT (close to short-term support level, and EMA golden cross indicates that the short-term upward trend may continue)
Long position stop loss point: 94700 USDT (break below recent lows, confirm rebound failure)
Sell point: 98000 USDT (close to short-term resistance level, may encounter pullback pressure)
Short selling stop-loss point: 98500 USDT (Breaking through short-term resistance indicates that the uptrend may continue)
Follow my professional analysis every day, enrich you!#BTC 行情走势分析 #Web3 音乐盛宴 Token of Love #哪一个山寨币ETF将通过？ #BTC #ETH