Last night, after failing to break through 3400 again during the surge, today’s decline and rebound also did not create a new high. The overall market trend has started to turn back, and Bitcoin is running as expected towards the resistance around 98,000.
✅ From the 4-hour chart, it can be seen that the most critical support for this upward trend is between 3280-3260. If the price breaks below this level, it will directly target the 3220-3180 range. A long position can be arranged at this level for a rebound, with take profit set at 326-3280.
✅ From the 15-minute chart, it can be seen that the price broke below 3300 last night but did not create a lower low, indicating the overall market trend is weak. Resistance is concentrated around 3335-3355. A short position can be arranged at this level, with a stop loss once it stabilizes above 60. If a strong rebound occurs, then consider shorting around 3380-3400.
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Last night, after failing to break through 3400 again during the surge, today’s decline and rebound also did not create a new high. The overall market trend has started to turn back, and Bitcoin is running as expected towards the resistance around 98,000.
✅ From the 4-hour chart, it can be seen that the most critical support for this upward trend is between 3280-3260. If the price breaks below this level, it will directly target the 3220-3180 range. A long position can be arranged at this level for a rebound, with take profit set at 326-3280.
✅ From the 15-minute chart, it can be seen that the price broke below 3300 last night but did not create a lower low, indicating the overall market trend is weak. Resistance is concentrated around 3335-3355. A short position can be arranged at this level, with a stop loss once it stabilizes above 60. If a strong rebound occurs, then consider shorting around 3380-3400.