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The latest Bitcoin analysis + support and resistance levels sharing!!! #BTC $BTC
🔥 European trading session analysis: Continued pressure at higher levels, 93,000 becomes a new battleground
Latest updates:
Continued trend: After the significant rise in "Bright Opening" yesterday, Bitcoin did not undergo a deep correction but followed a "horizontal movement at high levels." The price remains above 93,000, indicating strong demand, and refusing to give late buyers the chance to enter at lower levels.
European trading dynamics: After the European stock market opened, funds continued to flow into high-risk assets. Currently, 93,411 is just one step away from the short-term profit-taking zone between 94,000 and 95,000.
Current logic: The market is in a very strong upward wave. 92,000 - 92,500 shifted from yesterday's pressure to strong support today. As long as it does not fall below 92,000, any correction is only to prepare for hitting 95,000.
1. Support and Resistance Levels (Precise Evaluation)
Short-term support (1-3 days, intraday)
92,800: Immediate support. Hourly Bollinger middle band, also the lower boundary of the intraday fluctuation wave.
92,200: Strong support. The top of the consolidation platform after yesterday’s rise, also the defense line for aggressive buyers within the day.
91,500: Intraday buy-sell pivot point. If broken, it indicates the end of the short-term bullish pressure and shifts to wide oscillation.
Medium-term support (1-2 weeks, wave)
90,000: Strong ironclad base (Turned the peak into a trough). The current market starting point, an absolute lifeline.
88,500: Upper range, defensive level for the trend.
86,000: The bottom of the major structure.
Short-term resistance (1-3 days)
93,800 - 94,000: Immediate resistance. Highest intra-day level at round numbers, with short-term profit-taking selling pressure.
94,800: Fibonacci correction level 1.618, prone to quick retracement.
95,500: Maximum short-term emotional state.
Medium-term resistance (1-2 weeks)
96,500: Long-term upward target.
98,000: The last barrier before reaching 100,000.
100,000: Major historical level.
2. Comprehensive analysis and best entry strategies
Overall view: Currently, 93,411 is located at a "high support level for the main upward wave."
Buy strategy: The trend is very strong, and following the trend is the only option. However, due to its proximity to pressure zones at 94k-95k, it is not recommended to buy with full balance at the current price, but wait for the hourly correction.
Sell strategy: Only when reaching the 94,800 - 95,000 zone and a clear upper shadow appears, can a light short-term sell attempt be made (to catch the top), otherwise, selling against the trend is strictly prohibited.