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 bias.
· Market volume is exhausted, moving sideways; it is advisable to wait and see before a potential reversal.
· Key Resistance and Downside Targets:
· Key Resistance: $93,347 - $94,236; upward rebounds may be limited in the $98,000-$100,000 range.
· Key Support and Downside Targets: First focus on support at $85,929-$86,291. If broken, potential decline toward $83,712-$84,000, threatening the $78,342-$79,127 zone. Deeper Fibonacci retracement targets point to the $70,000-$60,000 range.

Bullish Outlook

· Core Logic:
· If the price can break through strongly and close above $94,236, it may indicate that a more important bottom has formed, and a larger-scale rebound could begin.
· In the long term, fundamental factors such as institutional fund inflows (like ETFs) and the global liquidity environment still provide support.
· Upward Targets:
· After breaking the above resistance, subsequent targets can be seen at $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 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 annual weekly close).
· Strong Support Zone: $78,342 - $79,127. A move into this area is expected to trigger a significant reaction.

3. Targets Above

· Initial Target: $98,008 - $102,200.
· Strong Target: Breakthrough of $105,130 - $106,470 needed to threaten the recovery of the multi-year upward trend.

💡 Trading Strategy Reference

· Short-term Strategy (Aggressive traders may refer):
· Bullish (Long): Consider initiating a small position around $89,500-$89,000, with a stop loss below $88,500, and targets at $90,500-$91,000.
· Bearish (Short): Consider initiating a small short position around $91,700-$92,300, with a stop loss above $92,800, and targets at $90,800-$89,500.#广场发帖领$50