During the daytime period yesterday, Bitcoin's trend was in line with expectations, continuing to rise based on the established approach, gradually approaching the target price of 103,000. However, at night, the price suddenly plummeted, and when it fell below 100,000, it was clear that the market situation had reversed. Nevertheless, I always adhere to the principle of being bearish but not blindly chasing shorts. Surprisingly, the market has been suppressing bullish forces all the way, and the price has dropped to 95,500, which is the same corrective magnitude as the previous round.
Currently, there is a small wave of rebound in the market. From the 1-hour perspective, the upper resistance level is at 98,500, and the lower support level is at 96,300.
The overall operational strategy remains to buy on dips, and one can plan long positions near 96,500, with a target price of 98,500 and a stop-loss set at 95,800.
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